StablecoinMarketCap
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Over the past week, BTC spot ETF saw a net inflow of $1.39 billion, while ETH spot ETF saw a net inflow of $24.22 million. BTC price rose by 12.2% in the past week, and ETH price increased by 9.9%. The ETH/BTC exchange rate stands at approximately 0.388, remaining low. BTC's market dominance reached 57.66%, expanding compared to the previous week, but still mid-range.
The stablecoin market cap has reached $172.8 billion, just 9% below the last bull market high of $188 billion. This current market movement, driven by BTC and ETH spot ETFs injecting external funds, indicates pre-bull market conditions based on stablecoin reserves and fund inflows.
However, caution is still advised due to high Federal Reserve interest rates, ongoing anti-VC sentiment in the crypto market, and the unlocking of many VC tokens.
#ETFEthereum #ETFvsBTC #StablecoinMarketCap #dominancebtc
Over the past week, BTC spot ETF saw a net inflow of $1.39 billion, while ETH spot ETF saw a net inflow of $24.22 million. BTC price rose by 12.2% in the past week, and ETH price increased by 9.9%. The ETH/BTC exchange rate stands at approximately 0.388, remaining low. BTC's market dominance reached 57.66%, expanding compared to the previous week, but still mid-range.
The stablecoin market cap has reached $172.8 billion, just 9% below the last bull market high of $188 billion. This current market movement, driven by BTC and ETH spot ETFs injecting external funds, indicates pre-bull market conditions based on stablecoin reserves and fund inflows.
However, caution is still advised due to high Federal Reserve interest rates, ongoing anti-VC sentiment in the crypto market, and the unlocking of many VC tokens.
#ETFEthereum #ETFvsBTC #StablecoinMarketCap #dominancebtc
đ° According to CoinGecko, the market capitalization of USDT, the world's largest dollar-linked stablecoin, has reached over $91 billion, breaking its all-time high. This comes after USDT's market cap exceeded $85 billion in the early part of last month. đđ #USDT #StablecoinMarketCap đđ
Stablecoins for stability! Consider using stable-value cryptocurrencies for a less volatile ride.
#Write2Earn⏠#Crypto #StablecoinMarketCap
#Write2Earn⏠#Crypto #StablecoinMarketCap
đ° Hong Kong's First Digital celebrates as its self-issued dollar-linked stablecoin, FDUSD, hits a market capitalization of $1 billion, currently ranking 6th among all stablecoins with a market cap of $1.067 billion, as per DeFiRama data. đđ°đ± #FDUSD #StablecoinMarketCap
đ The #stablecoin market has reached a new all-time high in terms of market capitalization.
This increase in market cap is driven by various factors, including heightened interest in decentralized finance applications, the use of stablecoins for trading and payments, and their role as a hedge against the volatility of other #cryptocurrencies
Stablecoins, which are digital assets pegged to traditional currencies like the US dollar, offer a stable store of value that can be easily transferred across different platforms and countries. The rise in their market cap indicates a broadening acceptance of stablecoins as a reliable medium of exchange and a tool for managing risk in volatile markets.
#Stablecoins #StablecoinMarketCap #TrendingTopic
This increase in market cap is driven by various factors, including heightened interest in decentralized finance applications, the use of stablecoins for trading and payments, and their role as a hedge against the volatility of other #cryptocurrencies
Stablecoins, which are digital assets pegged to traditional currencies like the US dollar, offer a stable store of value that can be easily transferred across different platforms and countries. The rise in their market cap indicates a broadening acceptance of stablecoins as a reliable medium of exchange and a tool for managing risk in volatile markets.
#Stablecoins #StablecoinMarketCap #TrendingTopic