A record accumulation of 236 billion dollars in stablecoins - will this push BTC to 100,000 dollars?
According to DefiLlama, the total supply of stablecoins increased by 2.135 billion dollars in the past week, reaching a record total supply of 236.6 billion dollars.
The price of Bitcoin fell slightly after dropping below $95,000.
The price trend of Bitcoin (BTC) is relatively flat, hovering around $95,000. This flagship Cryptos broke through $95,000 last Friday, rising to $95,620 at one point, but then lost momentum, falling to the current $94,285.
If Your Grandparents Can't Use Bitcoin or Any Other Crypto, Is It Really for Everyone?
Wall Street is frantically increasing its Bitcoin positions, Ethereum has surged by 2400, a massive short squeeze for OZK is coming, and the SOL Indicators have exploded. It will rise to 180U next week.
Bitcoin continues to hover between 94,000 and 95,000, with small fluctuations and an upward trend; a top structure has not yet appeared. After reaching 90K this time, there hasn't been a significant pullback, but instead, many smaller assets have started to rise as well. If it doesn't fall back below 90K during this wave, it will aim for the 100K milestone.
U.S. stocks, bonds, and Bitcoin are experiencing a strong rebound, but skeptics are closely watching for "signs of economic collapse in the USA."
The decline in shipping volume in Los Angeles, the decrease in travel-related outings, and the reduction in credit card revenue in key Consumer sectors have led data-driven Wall Street Analysts to observe several concerning economic Indicators.
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Swiss National Bank: Bitcoin is not suitable as a reserve asset.
① The President of the Swiss Franc Central Bank, Martin Schlegel, stated on Friday that Cryptos do not meet the standards for central bank reserve currencies; ② This statement refutes the calls from Cryptos supporters that the Swiss Franc Central Bank should Hold Bitcoin to hedge against the increasing Global economic risks.
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