have surged. Since the 9th of September, USDT and USDC market cap increased by $1.153 billion—USDT up $410M and USDC up $743M.
Put simply, the jump in USDT supply did not correlate with increased Bitcoin demand; other factors might be at play.While this could suggest confidence in price recovery, it may also reflect liquidity demand or market hedging, not direct optimism.The chart shows many Bitcoin holders are in profit, which is bullish but may signal a market top as high NUPL could lead to profit-taking and potential corrections.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WIF’s market surge: Analysts forecast $10 peak after 8% surgeWIF has surged by 7.3% over the past month. An analysts is eyeing dogwifhat to hit a new all time high of $10.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Americans grew 'more pessimistic' about the job market in August while overall confidence roseThe steady rise is unemployment over the past few months is contributing to a 'more pessimistic' view of the labor market from US consumers, according to The...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow, S&P 500 surge as stocks mount a comeback from deep lossesInflation is back in focus for investors gauging pressures that could influence the size of Fed rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Experts losing confidence that Toronto's housing market is going to heat back upRealtors and homeowners are likely rejoicing as action slowly returns to at least some parts of Toronto's real estate market, but while certain sta...
Source: blogTO - 🏆 44. / 63 Read more »
U.S. consumer confidence rises in August, but Americans becoming more anxious about labour marketThe Conference Board said on Tuesday its consumer confidence index increased to 103.3 this month from an upwardly revised 101.9 in July
Source: globeandmail - 🏆 5. / 92 Read more »