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 Stablecoin Market Cap Explodes to $173 Billion — Is This Bearish for Bitcoin?

Coinedition LogoCoinedition11h ago

 Stablecoin Market Cap Explodes to $173 Billion — Is This Bearish for Bitcoin? - Coinedition

Quick Summary:

The total market capitalization of stablecoins has surged to $173 billion, a level not seen since May 2022.

This significant increase in stablecoin demand could foreshadow a pullback in Bitcoin’s price as investors accumulate liquidity and await a favorable entry point.

According to data from DefiLlama, the total market valuation of stablecoins rose by 0.48% […]

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 Stablecoin Market Cap Explodes to $173 Billion — Is This Bearish for Bitcoin? - Coinedition (Picture 1)

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Article Details

Author / Journalist: Anisha Pandey

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 13:05:00 (11 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 154 words

Reading Time: 1 minutes read

Sentences: 46 lines

Sentence Length: 4 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 23040089

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About Coinedition

Coinedition Logo

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 20 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

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #124

Publisher Details

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The story " Stablecoin Market Cap Explodes to $173 Billion — Is This Bearish for Bitcoin?" has 154 words across 46 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story " Stablecoin Market Cap Explodes to $173 Billion — Is This Bearish for Bitcoin?" was covered 11 hours ago by Coinedition, a news publisher based in India.

How trustworthy is 'Coinedition' news outlet?

Coinedition is news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 20 news stories per day.

It's most recent story was published 9 hours ago.

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  • URL: https://beamstart.com/news/stablecoin-market-cap-explodes-to-17289140859480

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