State of Bitcoin & Stablecoins in The Crypto Crash 2022 - BitcoinEthereumNews.com
Bitcoin การเข้ารหัสลับState of Bitcoin & Stablecoins in The Crypto Crash 202206 / 30 / 2022ข่าว Bitcoin Ethereum Bitcoin has fallen roughly 70% from its spike of $68,000, and it may fall even more. Meanwhile, while many investors predict a Bitcoin bottom, others seem to have exited the market due to the fear of declining prices. Nevertheless, as per the data, the actual situation is not what it appears to be with the persistent market correction mentality. Most market participants have not abandoned the crypto sector and are simply standing by for Bitcoin to decline further. According to Ki Young Ju, CEO of CryptoQuant, everyone seems to be discussing negative patterns, yet most of them still have not moved out of the crypto industry. In what may come as a surprise to most, the Bitcoin market valuation has dropped 70% from its peak, whereas stablecoins have dropped by just 11%. In reality, there are up to $25 billion in stablecoins on cryptocurrency exchanges. Further, Ju explained that the stablecoins in crypto exchanges are now worth 50% of the Bitcoin reserve. He also states that there are $25 billion loaded bullets that will ignite the crypto market price towards the north, but the question is ‘When’