Altcoins to Sell Hot on the heels of Dwindling Stablecoins Volume

Quick Summary:

Attempts to post sustainable recoveries in the crypto market have kept ending in futility this week, starting with Bitcoin’s failed breakout to $60,000 on Thursday.

Meanwhile, there has been a noticeable decline in stablecoin volumes to a seven-month low of $970 million.

Over the past week, ARB has been trading in a range bound between $0.6825 and $0.733, showcasing a notable increase of 17% in its value.

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Article Details

Author / Journalist: John Isige

Category: Crypto

Markets: India

Topics: Stablecoin Altcoins SLERF Price Price Analysis Arbitrum Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-12 @ 18:30:36 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 57 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21587357

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 21 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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