Bitcoin faces $70,000 test as $14.2 billion stablecoin contraction exposes demand weakness

Bitcoin is facing a fresh liquidity squeeze as mounting losses among recent buyers threaten to derail its recovery. Stablecoin supply has contracted by $14.2 billion over the past month, its sharpest decline since June 2022, while Bitcoin's apparent demand has fallen by 284,000 BTC, approaching levels last seen during…
Read it in your languageMachine translation by Google of the publisher's page
More in Bitcoin
From the blog
Barclays Raises Bitcoin ETF Stake 48% Amid BTC’s Push Toward $80K
Barclays has increased its holdings in BlackRock's spot Bitcoin ETF by 48%, alongside expanded exposure from Citigroup, as major financial…
MSCI Crypto Exclusion Puts $2.8B MicroStrategy Stake at Risk
MSCI will drop MicroStrategy from its equity benchmarks on November 30 under new rules for non-operating entities, potentially risking $2.8…
Analyst Willy Woo Says Bitcoin Bull Market Persists Despite New Fear
Analyst Willy Woo argues that the Bitcoin bull market remains intact despite a sharp drop in market sentiment and fear…









