The Latest News on the Crypto Marketplace
Let’s analyze the situation in the crypto-assets market and critical events that have occurred in the “buy and sell digital currency”industry over the past 24 hours. Here is the latest cryptocurrency news.
How Ethereum Growth Affects Bitcoin Cap Rate
On March 25, the level of Bitcoin prevalence peaked at 67.99%. After that, this volume started to decline. It is remarkable that on the same day, the ETH/BTC pair was at a minimum and grows for now. This a good sign for all interested in “buy bitcoin in England” operations.
Crypto trader @BillGK_Crypto tweeted a chart of the level of BTC dominance. It shows that the indicator has lost an essential level of support. This expert uses Ethereum as an illustration of what happens with altcoins when the level of BTC dominance falls. Nevertheless, users of the professional crypto trading platform can get up on this situation for successful “buy bitcoin in London” trades.
Binance Holds Nearly 16% in USDT of Tether’s Total Capitalization
TokenAnalyst statistics show that no other cryptocurrency exchange stores even half of the stablecoins available on Binance wallets. Stablecoins are assets with no rapid movements in exchanges rates.
The Binance platform turned out to be the most extensive digital system with more than 1 billion Tether stablecoins (USDT) on its wallets, which is about 16% of the total cap rate.
Professional Cryptocurrency Traders Massively Take Bitcoins From Trading Systems
In the view of the research company Glassnode, over the past three months, the Bitcoins volume stored on cryptocurrency exchanges in Englandhas decreased by almost 10%. Since mid-January 2020, when the annual maximum of 2,412,236 coins was fixed, the reduction amounted to 221,349 bitcoins. It’s 9.17% of those Bitcoins that are on the cryptocurrency exchanges in Englandfor three months.
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