Bitcoin And Ethereum Exchange Inflows Overshadow Stablecoin Demand – Details
Bitcoin is once again at the center of market turbulence, trading just above the $110,000 level, which many analysts view as a critical zone of demand. While BTC is holding this support for now, volatility has surged as bears increase pressure and investor sentiment grows cautious. The market is closely watching whether Bitcoin can maintain its footing or if a deeper correction will unfold. Related Reading: Ethereum Demand Spikes As Whales Add 260K ETH In 24 Hours One of the biggest factors fueling this uncertainty is the recent capital rotation from Bitcoin to Ethereum, a shift that has....
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On-chain data shows exchange inflows related to Bitcoin and Ethereum have shot up alongside the recent downturn in the market. Bitcoin & Ethereum Have Seen High Exchange Inflows During Past Week In a new post on X, on-chain analytics firm CryptoQuant has discussed about the latest trend in the Exchange Inflow for Bitcoin and Ethereum. […]
After a horrendous start to the year, the United States-based spot Ethereum ETFs (exchange-traded funds) have managed to turn their fortune around over the past few weeks. This positive trend mirrors the shift in sentiment amongst Ethereum investors since the start of the year’s second quarter. Ethereum ETFs Hit 15 Consecutive Days Of Capital Inflows […]
On-chain data shows the exchange inflows related to the stablecoins USDT and USDC have seen a sharp plunge. Here’s what this could mean for Bitcoin and other cryptocurrencies. Stablecoin Exchange Inflows Have Dropped Below Yearly Average In a new post on X, CryptoQuant author Axel Adler Jr has discussed about the latest trend in the Exchange Inflow of the top two stablecoins in the sector, USDT and USDC. The “Exchange Inflow” refers to an on-chain indicator that keeps track of the total amount of a given asset that’s moving into the wallets associated with....
Kyrgyzstan has rolled out a national stablecoin in collaboration with the world’s biggest exchange, Binance. This action represents one of many significant developments following multiple contacts between the Central Asian nation and Binance co-founder and former CEO Zhangpeng Zhao. Related Reading: Bitcoin Whales Are On The Move: Binance Sees Explosive Growth In Inflows Amid Market […]
On-chain analytics firm Glassnode has pointed out how Bitcoin spot ETF inflows are still not at the intensity seen during previous rallies this cycle. Bitcoin Spot ETF Inflows Are Currently Under 1,000 BTC Per Day In a new post on X, Glassnode has talked about the latest trend in the inflows of the spot exchange-traded […]