Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
CoinGape 2021-03-11 05:49:34

On-Chain Analysis: Stablecoin Inflow Dries At Exchanges, Can Bitcoin Bulls Sustain $55k?

On Wednesday, March 10, Bitcoin (BTC) showed strong northward momentum surging over 4% and moving past $57,000 levels. At present Bitcoin is strongly consolidating above $55,500, however, the reducing stablecoin inflows and dropping USDT supply at the exchanges can put downward pressure on Bitcoin (BTC). As CoinGape reported yesterday, the short-term whale SOPR shows signs The post On-Chain Analysis: Stablecoin Inflow Dries At Exchanges, Can Bitcoin Bulls Sustain $55k? appeared first on Coingape.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.