#WODL #WORDOFTHEDAY✅ #Answer 03-12-24 $BTC | -StrangerDude_Crypto on Binance Square

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#WODL #WORDOFTHEDAY✅ #Answer 03-12-24
$BTC 

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#BTCBackto100K On May 8, 2025, Bitcoin (BTC) surged past the $100,000 mark for the first time since February, reaching an intraday high of $101,370. This rally was fueled by optimism surrounding a U.S.-UK trade agreement, easing investor concerns over global trade tensions . Institutional interest also played a significant role, with inflows into spot Bitcoin ETFs totaling $5.3 billion over the past three weeks . Additionally, Bitcoin's market dominance rose above 60%, indicating stronger investor confidence in Bitcoin over altcoins . Analysts at Standard Chartered project that Bitcoin could reach $120,000 in the second quarter, though they acknowledge this target may be conservative . However, concerns remain about short-term volatility due to low trading volumes and lingering tariff uncertainty, suggesting caution for traders despite the bullish trend .

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#StripeStablecoinAccounts The trend #StripeStablecoinAccounts highlights Stripe's significant move into cryptocurrency payments, reintroducing stablecoin transactions after a six-year hiatus. On October 9, 2024, Stripe enabled merchants to accept USD Coin (USDC) payments on Ethereum, Solana, and Polygon blockchains. Within 24 hours, users from over 70 countries utilized this feature, showcasing strong global demand for alternative payment solutions . Stripe's integration allows customers to pay with USDC, which is automatically converted to U.S. dollars for merchants, streamlining cross-border transactions. The company charges a 1.5% transaction fee, lower than traditional credit card fees, making it an attractive option for businesses . This development also benefits remote workers and freelancers. For instance, Remote.com now enables contractors in 69 countries to receive payments in USDC via Stripe Connect, offering faster and more flexible compensation options . Overall, signifies a pivotal shift in digital payments, blending traditional finance with blockchain technology to meet the evolving needs of a global economy.

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$USDC As of May 9, 2025, USD Coin (USDC) maintains its peg at $1.00, with a 24-hour trading volume of approximately $19.16 billion and a market capitalization of around $60.81 billion, ranking it 7th among cryptocurrencies . USDC's stability is underpinned by full reserves of cash and U.S. Treasury equivalents, ensuring each token is backed 1:1 with the U.S. dollar . Recent developments include Circle's plans to go public on the New York Stock Exchange under the ticker "CRCL" . Additionally, Visa and Baanx have launched a card enabling users to spend USDC directly from their crypto wallets . These initiatives reflect USDC's expanding role in global finance, offering a stable digital dollar for transactions and payments.

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