USD-backed stablecoin continues to dominate the crypto market. Nearly 90% of all crypto transactions are executed using USD-backed stablecoins relative to the USD. Their average weekly volume in 2024 was $270bn which is 70 times higher than their EU counterparts.
In contrast, just 1.1% of all transactions are done using Euro-backed stablecoins. However, it is notable that this share has increased from near zero in 2020 and is currently at an all-time high.
Historically, Q3 has had the lowest volume by a significant margin, with cumulative BTC trade volume over 40% below the highest volume quarter.
Читать полностью…A short-term, 30-day correlation between Bitcoin and the Nasdaq 100 Index of US technology stocks is around the highest since early 2023, suggesting that further gains in the equity gauge may be accompanied by a move higher in the crypto market leader.
Читать полностью…Introducing IO.NET (IO) on Binance Launchpool! Farm IO by Staking BNB and FDUSD
https://www.binance.com/en/support/announcement/6556e3b5aae54c76adb0fd267b105a15
On May 31th, U.S. spot Bitcoin ETFs saw +$50m net inflows, marking the 14th consecutive day of positive flows
Читать полностью…#BTC.D UP and #Bitcoin DOWN
Bad time for ALTs
https://www.tradingview.com/x/KtfOinCk/
#Bitcoin
Hopefully it can get some life back
https://www.tradingview.com/x/tZiDj20E/
Some coins are pumping with low liquidity which is not a good sign as always.
Highly recommended to you to stay sidelines until the significant trend is confirmed.