Binance Stablecoin Supply Surges To Record $42B: Liquidity Flows Back Into Ma...
The Stablecoin market is once again proving to be one of the most important indicators for crypto recovery after one of the most violent crashes in recent history. On Friday, Bitcoin plunged to $103,000 within minutes, triggering a wave of panic across the market as overleveraged positions were wiped out and Altcoins lost more than 80% of their value in the same period. The sudden correction left investors questioning whether this marked the end of the bull phase or simply a reset before the next leg up. Related Reading: Bitmine Receives 23,823 Ethereum From BitGo As Institutional....
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The aftermath of the October 10 flash crash continues to weigh on the cryptocurrency market, with major digital assets still showing signs of strain. Recent data from an on-chain analysis sheds light on one of the underlying factors behind the market struggle. Related Reading: Binance Stablecoin Supply Surges To Record $42B: Liquidity Flows Back Into Markets Stablecoin Netflow In Downtrend — Analyst In a recent QuickTake post on CryptoQuant, a market analyst with the username CryptoOnchain reported an interesting change in stablecoin activity on the Binance exchange. This analysis is....
Tether, USD Coin, Binance USD, and DAI are now worth more than $78 billion combined. The circulating supply of the four-largest stablecoins has spiked to new all-time highs, suggesting buyers could soon spark another leg up for the Bitcoin and crypto markets.The combined capitalization of Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and Dai (DAI) has surged almost 190% from $27 billion to almost $78 billion since the beginning of this year.In its May 3 Week on Chain report, on-chain analytics provider, Glassnode, noted that Tether is firmly positioned as the stable token sector’s....
The aim behind stablecoins development was to provide stability over the highly volatile nature of crypto assets. This means that stablecoins hedge your funds against the impact of macroeconomic factors like inflation. Currently, stablecoins represent about 15% of the total crypto market cap of over $933 billion. Several prominent firms have created their stablecoins. Usually, the coins are pegged on a ratio of 1:1 to major global fiat currencies like USD, EUR, or GBP. Related Reading: Tron Hits Record 117 Million Users, But TRX Price Increase Is Mediocre The Binance USD (BUSD) is a....
Bitcoin continues to trade with high volatility following Friday’s brutal crash that sent prices as low as $103,000. Over the weekend, the market has struggled to find a clear direction, with bulls and bears locked in a tense battle around the $115,000 level. Sentiment remains divided — some analysts expect a consolidation phase before another leg higher, while others warn of a deeper correction if selling pressure intensifies. Related Reading: Binance Stablecoin Supply Surges To Record $42B: Liquidity Flows Back Into Markets Adding to the uncertainty, new data from on-chain analytics firm....
Quick Facts: 1️⃣ The Fed’s expected rate cut and low Stablecoin Supply ratio point to rising liquidity and renewed confidence across the crypto market. 2️⃣ A dovish speech by Powell could unlock fresh capital for risk assets, setting up a true ‘Uptober’ breakout. 3️⃣ Post-FTX demand for self-custody continues to grow, boosting interest in wallet-based […]