Crypto Investors Find Safety In Stablecoins, Bitcoin, Ditch Altcoins En Masse
Bitcoin dominance is soaring as the overall crypto market bleeds. The current macro conditions have forced investors to take refuge in BTC and stablecoins. Related Reading | Glassnode: Bitcoin Long-Term Holders Own 90% Of Supply In Profit Bitcoin dominance has been on the rise since May this year after moving sideways in previous months. The metric, used to measure the percentage of the crypto market cap formed by Bitcoin, stands at 47% approaching levels last seen in November 2021. During this period, BTC’s price took a final move to the upside and reached $69,000 before an overall....
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Does the world need Euro Coin? There are already stablecoins pegged to the Euro in the market. The difference here, however, is Circle. As the issuer of the well-regarded USDC, they have the reputation, the know-how, and the clientele to make this happen. Even with all of those advantages, it’s the market that will decide if the world needs Euro Coin. Related Reading | Crypto Investors Find Safety In Stablecoins, Bitcoin, Ditch Altcoins En Masse On the project’s page, they describe it as, “Euro Coin (EUROC) is issued by Circle under the same full-reserve model as USD Coin (USDC), a....
Bitcoin is being bought en-masse by retail investors amid this strong rally higher, market data shows. Recent analysis found that PayPal’s addition of cryptocurrency purchases could be a key factor behind BTC’s rally to $28,000. Bitcoin Being Bought En-Masse by Retail Investors Pantera Capital CEO Dan Morehead recently shared the chart seen below to his Twitter. Pantera Capital is a leading digital asset investor, with large positions in Bitcoin and many leading altcoins. The chart […]
The trend in the total supply of the stablecoins may have hinted in advance that the Bitcoin rally wouldn’t last too long. Bitcoin Stablecoins Supply Hasn’t Moved Much Recently An analyst in a CryptoQuant Quicktake post explained that the latest news has been unable to make the stablecoins supply budge. The “stablecoins supply” here refers to the total circulating supply of all stablecoins in the sector. Generally, investors use stables to escape the volatility associated with most coins in the rest of the cryptocurrency sector. Thus, whenever this metric rises, new....
With the crypto market crash has come to a lot of uncertainty among investors. This has translated to a strong distrust for crypto products and the decentralized finance (DeFi) space. Times such as these in the past have presented the best opportunity for projects which prioritize the safety of their users over everything else and […]
Among the first advice crypto investors are given when buying Bitcoin or altcoins, is to immediately get a hardware wallet and move any newly bought coins to cold storage for safe-keeping. But unfortunately for the crypto community and the potential safety of their digital assets, top hardware wallet manufacturer Ledger has suffered a critical customer database leak, exposing the personal details and even addresses of a couple hundred thousand users. Here’s how to find out […]