Bitcoin and Stablecoins Surge as Traders Seek Safety Amid Market FUD as per Mercuryo Data

Quick Summary:

According to statistics released today by Mercuryo, a global payments infrastructure platform, traders have turned to the relative safety of bitcoin (BTC) and stablecoins this year as the fear of a global trade war and economic collapse is heightened by US President Donald Trump’s sweeping tariffs.

Retail mania around meme coins already feels like a distant memory and this is reflected in a significant pullback in the buying of Solana on the Mercuryo platform.

For instance, during the week of February 24, 2025, Bitcoin purchases surged 47%, whilst SOL only saw a meager 9% increase.

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Article Details

Author / Journalist: Shanawaz

Category: Crypto

Markets: United Arab Emirates

Topics: Blockchain News Blockchain Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 21:16:37 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 515 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 27576180

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 28 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

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