Bitcoin’s recovery faces new threat as $14.2 billion in stablecoin supply disappears in one month
By Jai Hamid
Bitcoin has another problem on its hands: $14.2 billion in stablecoins has left circulation in just 30 days, according to a Wednesday report from Glassnode. It’s the steepest monthly withdrawal since 2022, just as buyers struggle to stop the slide. Stablecoins are the money traders usually park inside crypto before…
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