ETFs1 source
Stablecoin Drain, ETF Outflows Leave Bitcoin 'Running on Empty'
Headline from Decrypt
Key points
- Bitcoin is facing reduced liquidity momentum as the total supply of stablecoins contracted by $14.2 billion over the past 30 days.
- This decline marks the fastest rate of contraction seen since June 2022.
- The drop in available stablecoins occurs alongside weakening demand for Bitcoin spot exchange-traded funds, further dampening overall market activity.
Summarized automatically by Kryptokite from reporting by Decrypt. Read the original sources for full detail.
Coins mentioned
Sources
- DecryptStablecoin Drain, ETF Outflows Leave Bitcoin 'Running on Empty' · 2 hours agoRead on Decrypt
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