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Bitcoin, Ethereum bears are back in control — Two derivative metrics suggest

Given the uncertainty in the macroeconomic environment, Bitcoin price bulls have no reason to bet against a six-week descending wedge pattern.

Continue ReadingBitcoin, Ethereum bears are back in control — Two derivative metrics suggest

Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31

While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023.…

Continue ReadingTether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31

USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident

On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve,…

Continue ReadingUSDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion…

Continue ReadingEbb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range