Binance and Coinbase May Fuel Next Phase of Market Rally, Here's Why

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Binance and Coinbase seeing massive stablecoin inflows

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

Interestingly, historical precedence showed similar inflows between September 2020 and February 2021 before the market rallied. Therefore, market trend observers are betting that if similar conditions occur, the market could likely witness a buying spree. Such increased buying may trigger a price surge across the crypto market.Overall, CryptoQuant and other analysts project that current sentiment could influence many investors to move more capital into crypto assets.

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:

 /  🏆 295. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines