Bitcoin Bull Run To Resume Soon? Crypto Market Liquidity At Record Highs

Quick Summary:

According to the latest on-chain data, liquidity in the cryptocurrency markets has reached an all-time high.

Here’s the implication of the rising liquidity on the price of Bitcoin and its future trajectory.

Specifically, this growth is driven by USDT (ERC20 on the Ethereum), which has seen its balances on exchanges hit a record high of 22.7 billion in October.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: Hungary

Topics: USDC Bitcoin USDT Bitcoin Stablecoins Bitcoin Bull Run

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-13 @ 04:00:44 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 420 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23013288

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 11 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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