Bitcoin Buyers Waiting To Pounce: Binance Stablecoin Reserve Sets New Record

Quick Summary:

Data shows the stablecoin reserve on Binance has shot up to a new record recently, a sign that could be bullish for Bitcoin and other coins.

Stablecoin Exchange Reserve On Binance Has Seen Rapid Growth Recently As explained by an analyst in a CryptoQuant Quicktake post, the stablecoin Binance reserve has shot up recently.

In the case of stablecoins, though, the same doesn’t hold true as their prices are, by definition, stable around the $1 mark.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: BTCUSDT Btc Bitcoin Buyers Bitcoin News Bitcoin Stablecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-31 @ 08:00:41 (6 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 24772400

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Official Website: bitcoinist.com

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News Last Updated: 19 hours ago

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