Crypto Market In Jeopardy? Rising Stablecoins Dominance Signals Instability
The general cryptocurrency market has been quite unpleasant as major crypto assets have seen extended negative trends, fueling uncertainty within the sector. With the recent upsurge in the stablecoins dominance, which is considered a negative sign for cryptocurrencies, the broader ecosystem could be poised for additional pessimistic behavior. Stablecoin Dominance Growth Poses Risk To Cryptocurrencies […]
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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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BTC dominance can directly affect altcoins by displaying the market’s trading volume in BTC vs. altcoins. Bitcoin (BTC) is both the first and the most prominent cryptocurrency in the world when it comes to market capitalization as well as trading volume. These factors are quite significant, considering that all cryptocurrencies trade against Bitcoin and Bitcoin’s dominance can actually serve as a valuable indicator when trading all different types of cryptocurrencies.This post will offer insight on how to trade cryptocurrency while utilizing the Bitcoin dominance indicator and how to read....
With the crypto market crash has come a renewed interest in the cover that stablecoins provide investors. As a result of this, crypto investors had flocked to stablecoins such as USDT, BUSD, USDC, etc, for this exact reason. What followed was fierce competition between these stables as they pulled for more market dominance. Evidently, USDT […]
A quant has explained how the data of the stablecoin supply ratio (SSR) may be used to find Bitcoin buy or sell signals. Stablecoin Supply Ratio May Be Able To Predict Bitcoin Buy And Sell Signals As explained by an analyst in a CryptoQuant post, the stablecoin supply ratio may help us find BTC buy or sell signals. The “stablecoin supply ratio” (or SSR in short) is an indicator that measures the ratio between the market cap of Bitcoin and that of all stablecoins. In simpler terms, what this metric tells us is how the supply of the stablecoins compare with that of BTC. Investors....