Stablecoin Supply Is Shrinking at the Fastest Pace Since June 2022. What Happened to Bitcoin the Last Time?
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The post Stablecoin Supply Is Shrinking at the Fastest Pace Since June 2022. What Happened to Bitcoin the Last Time? appeared first on 24/7 Wall St..The supply of stablecoins is shrinking at the fastest rate since June 2022. During that time, Bitcoin (CRYPTO:BTC) fell below $20,000. According to Glassnode, the total stablecoin supply, which consists of crypto tokens tied to the U.S. dollar, decreased by $14.2 billion over just 30 days.
Bitcoin is also under pressure, trading at $71,312, down 6.2
Bitcoin is also under pressure, trading at $71,312, down 6.2
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