Here’s Why Stablecoins Threaten Bitcoin Price Rally to $60K

Quick Summary:

The recent 10% upswing in Bitcoin price has changed crypto investors’ outlook from bearish to bullish.

Why is Bitcoin Price Rally In Jeopardy?

But this move could be in jeopardy due to stablecoin dominance.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Akash Girimath

Category: Crypto

Markets: India

Topics: Btc Stablecoin dominance Price Analysis Bitcoin Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 13:55:46 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 44 lines

Sentence Length: 10 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 22471923

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