Bitcoin Exchange Inflows Surge 4.4x in a Week Amid Sales Pressure

A recent surge in Bitcoin transactions has been observed, with a 4.4-fold increase in exchange inflows over the past seven days.

This uptrend may indicate an increased potential for sales pressure on spot exchanges.

Interestingly, Iran is taking steps to simplify the import of export earnings using cryptocurrencies such as Bitcoin and USDT (1 USD).

The US has also expanded its sanctions to include crypto channels, with Tether freezing 131 million dollars in USDT in July.