CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Coin Edition 2024-10-14 13:05:00

Stablecoin Market Cap Explodes to $173 Billion — Is This Bearish for Bitcoin?

The total market capitalization of stablecoins has surged to $173 billion, a level not seen since May 2022. This significant increase in stablecoin demand could foreshadow a pullback in Bitcoin’s price as investors accumulate liquidity and await a favorable entry point. According to data from DefiLlama, the total market valuation of stablecoins rose by 0.48% The post Stablecoin Market Cap Explodes to $173 Billion — Is This Bearish for Bitcoin? appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.