Can Stablecoin’s ‘Dry Powder’ Effect Propel Bitcoin Past 100K Once Again?

Quick Summary:

Stablecoin supply is surging while Bitcoin supply on exchanges is dwindling, according to Tony Edward of the Thinking Crypto Podcast.

And this ‘dry powder’ by way of surging stablecoin reserves, can drive Bitcoin past $100K once again.

Aiming to capture the $2 trillion valuation once more, on-chain data and technical indicators reveal the bull market […]

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Article Details

Author / Journalist: Parth Dubey

Category: Crypto

Markets: India

Topics: BTC News Market News Market Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 08:10:00 (1 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 170 words

Reading Time: 1 minutes read

Sentences: 53 lines

Sentence Length: 4 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 24350453

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 19 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #124

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