Source: Coindesk.com
Dwindling "exchange stablecoins ratio" points to declining selling pressure in the BTC market, CryptoQuant said. Supply of the top two stablecoins, USDT and USDC, continues to rise.
Bitcoin (BTC) has quickly recovered to nearly $60,000 after a debacle last week that saw prices drop below $50,000 at one point.
Read More https://www.coindesk.com/markets/2024/08/13/bitcoins-prospects-strengthen-as-key-stablecoin-metric-slides-to-lowest-level-in-18-months/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The post "Bitcoin's Prospects Strengthen as Key Stablecoin Metric Slides to Lowest Level in 18 Months" appeared first here Coindesk.com.
Source: Coindesk.com
