Stablecoin Supply Is Falling And Bitcoin May Be Paying The Price
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Latest Stablecoin Supply Is Falling And Bitcoin May Be Paying The Price in Cryptocurrency
Bitcoin Stablecoin supply is shrinking, and it’s becoming one of the biggest reasons behind Bitcoin’s weak price action. New data from CryptoQuant shows fresh stablecoin inflows to exchanges have dropped 31% yearly. Meanwhile, the combined supply of USDT and USDC is also falling, reducing the buying power needed to support Bitcoin’s recovery. Stablecoins like USDT and USDC, which are often called the cash of the crypto market are seeing its val…
Stablecoin Supply Is Falling And Bitcoin May Be Paying The Price
The post Stablecoin Supply Is Falling And Bitcoin May Be Paying The Price appeared first on Coinpedia Fintech News Stablecoin supply is shrinking, and it’s becoming one of the biggest reasons behind Bitcoin’s weak price action. New data from CryptoQuant shows fresh stablecoin inflows to exchanges have dropped 31% yearly. Meanwhile, the combined supply of USDT and USDC is also falling, reducing the buying power needed to support Bitcoin’s recove…
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