Bitcoin Traders Eye Potential Rally With $2.5 Billion In USDT and USDC Inflows

Quick Summary:

With eyes on the US CPI inflation data, Bitcoin and the broader crypto market have staged a strong recovery in the recent short covering.

The Bitcoin price has surged another 3% today shooting past $61,000 levels amid the strong stablecoin inflows happening over the past week.

Furthermore, the broader crypto market has seen similar similar upside with Ethereum leading the altcoin market.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Stablecoin Inflows Circle USDC Stablecoin Bitcoin News Tether USDT Bitcoin (BTC) Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 07:07:22 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 372 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 22073794

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 20 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions