Bitcoin stagnates as bearish headwinds continue to blow
Bitcoin price falls as demand for leveraged long BTC futures and stablecoins drops.
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Bitcoin price falls as demand for leveraged long BTC futures and stablecoins drops.
If the Fed signals a rate cut, as CME data strongly suggests, crypto traders may quickly deploy their stablecoin reserves to drive a market rally.
More than $2.5 billion has been issued by Tether and Circle over the past week, and 10x Research believes continued momentum could spark a Bitcoin […]
The assets in question were evidently given to Tether as collateral.
As the case progresses, the community’s backing will be crucial in maintaining momentum and advocating for a more favorable regulatory environment.
According to Tether CEO Paolo Ardoino, recently approved MiCA regulations threaten both banks and stablecoin issuers.
The newly minted stablecoins could help push Bitcoin’s price above the $65,000 resistance, which is the short-term whale holder’s realized price.
The stablecoin issuer will still be tiny in terms of staff compared to other tech and crypto companies.
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.
Tether said its US Treasury reserve surpasses the size of all but 17 of the world’s governments.
