Stablecoin Transfer Volume Declines But Remains High Enough To Sustain Demand For Bitcoin – Details

Quick Summary:

Bitcoin has shown resilience following its recent decline from the $102,000 mark, managing to hold above the crucial $92,000 support level.

After days of bearish pressure, BTC is now pushing upward, offering a glimmer of optimism for investors eyeing a potential recovery.

Market participants are bracing for heightened volatility as the U.S.jobs report is set to be released, a key event likely to influence today’s price action.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: Hungary

Topics: Bitcoin News BTCUSDT Bitcoin Bull Cycle Bitcoin analysis Bitcoin news Bitcoin ATH Bitcoin price Btc Stablecoin transfers Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-11 @ 08:00:23 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 596 words

Reading Time: 4 minutes read

Sentences: 55 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 25063713

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 15 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

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: #105

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