Matrixport: Although there has been a rebound in recent days, it is still in a range where the growth of stable coins has almost stagnated and trading volume is relatively low
ChainCatcher news, Matrixport released an icon today showing that Bitcoin has recently been in a period of turbulence and challenges. Although there has been a rebound in recent days, it is still in a range where the growth of stable coins is almost stagnant and trading volume is relatively low.
In the long run, if there is a significant rebound subsequently, this consolidation could be bullish.
Recent factors triggering the rebound include developments in U.S. politics and the potential launch of Ethereum spot ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
RootData: XION will unlock tokens worth approximately $22.13 million in one week
CryptoQuant CEO: Bitcoin On-Chain Indicators Show Bearish Signals, Future Upside May Depend on Macro Liquidity
Bitfury makes a strategic investment of $12 million in the decentralized AI computing network Gonka.ai