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At a time when sales are increasing Digital currencyAn analyst from CryptoQuant, Darkfost, said that the stablecoin exchange has increased by more than $98 billion compared to recently.
The increase in stablecoin capital exceeds the 90-day moving average of $89 billion.
“This shows that remittances have increased significantly in recent weeks, and the market is in demand,” he added. The researcher wrote. “However, sales pressures remain too strong to be fully implemented.”
The cryptocurrency market is currently experiencing a crisis characterized by a lack of liquidity amid growing uncertainty. And it went down Bitcoin currency It’s a lot From 10% to $64,000 on Fridayand is slowly approaching a 50% correction from all time in October.
Darkfost’s analyst described the increase in stablecoins as a “good sign,” as it shows increased interest from investors to enter the market. In addition, this shows that capital is starting to return to the digital space.
“This run still needs to continue, but some are already buying the dip.”
In particular, some medium-sized stablecoins such as USDS and USD1 continued to increase their share, while the total market capitalization of stablecoins decreased by 1.0% weekly to $305.1 billion, led by the continued decrease in the supply of USDT.USDCandAccording to Messiari’s website.
he left Tether (USDT)The largest stablecoin by market capitalization, it rose to $0.99 within 24 hours with a trading volume of $257.45 billion, an increase of 60%.
A note Stablecoin doubles to $98 billion amid pressure to sell – report appeared for the first time Cryptonews Arabic.