Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
CryptoQuant CEO: Stablecoin liquidity becomes a key factor driving the altcoin market

CryptoQuant CEO: Stablecoin liquidity becomes a key factor driving the altcoin market

Bitget2024/12/02 02:58

According to Ki Young Ju, CEO of CryptoQuant, the current altcoin season is no longer defined by Bitcoin asset rotation. The growth in altcoin trading volume does not come from BTC trading pairs, but is driven by stable coin and fiat currency trading pairs. This reflects real market growth rather than an asset rotation phenomenon.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Anthropic spends $3.4 billion to purchase gas-fired power equipment to supply electricity for data centers

In September, Anthropic directly acquired Caterpillar equipment orders worth 3.4 billion USD, securing 1.7 GW of gas generator units, marking the largest single purchase of power generation equipment in AI history. This move bypassed utility middlemen, capturing scarce capacity at prices set years ago with near-term delivery. It is part of Anthropic's plan to invest over 895 billion USD in computing infrastructure by 2045.

华尔街见闻•2026/11/08 12:41
Anthropic spends $3.4 billion to purchase gas-fired power equipment to supply electricity for data centers