The trading volume of the top ten stablecoins has dropped to a quarter of the bull market level in December last year
PANews reported on March 29, according to Cointelegraph, the trading volume of the top ten stablecoins has dropped to a quarter of the level during the bull market cycle in December last year. Analysts believe that trader fatigue, regulatory uncertainty, and a seven-year low in Bitcoin supply are key factors.
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.
You may also like
Silver Price Forecast: XAG/USD trades flat around $53 ahead of US inflation data
Swiss Franc holds ground as US Dollar consolidates ahead of CPI inflation data
Net profit surges fivefold but masks decline in core business; crypto mining companies' shift to AI poses hidden risks
Marathon Holdings' Q3 net profit reached $632 million, up 413% year-on-year. However, its mining revenue declined by 35%. The company relied on selling 13,500 BTC to pay off debts and is now betting on AI infrastructure, increasing the risk of an imbalanced profit structure.
Lithium-For-Earth Raises KRW 1.32 Billion in Private Placement
Crypto prices
More
