Rising USDT and USDC inflows, along with institutional and macroeconomic factors, are fueling Bitcoin’s next big move.
The circulating supply of Circle’s United States dollar-backed stablecoin, USD Coin (USDC), has risen 80% from cyclical lows as onchain activity picks up, according to data from Blockworks Research.
Money flow measures the relative buying and selling pressure on a stock, based on the value of trades made on an "uptick" in price and the value of trades made on a "downtick" in price.
Bitwise CIO Matt Hougan analyzes the crypto crash, noting historical patterns hint at potential Bitcoin and Ethereum recovery.
USDC stablecoin supply has now exceeded $50 billion but still below all-time high. USDC has benefited from its regulatory compliance and recent concerns about USDT. Tether USDT maintains stablecoin ...
Circle’s USD Coin (USDC) witnessed remarkable growth in 2024, with its circulation increasing by 78% year-over-year, according to a report shared by the stablecoin’s issuer. The company's ...