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Coinbase Receives $1.4 Billion USDC Influx, Fueling Bullish Sentiment
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Crypto exchange Coinbase has received USDC worth $1.4 billion, thanks to the current upswing in the crypto market. The on-chain crypto analytics company CryptoQuant reports that Coinbase had the largest influx of USDC stablecoin assets, valued at $1.4 billion.
The specifics of the transfers are still murky, but market experts are pointing to possible positive pressure as a result of recent patterns and the current spike. This week, the cryptocurrency market continued its upward trend, riding high on institutional investors’ enthusiasm about the recent approval of spot Bitcoin ETFs.
