Q: 21 banks have pledged $270 million to launch a new stablecoin, Faro. What should we keep an eye on, and what impact could it have on the market?
A: News like this usually isn't reflected in prices right away, so just keep an eye on things going forward. A valid breakout needs to be accompanied by volume; breakouts on declining volume will most likely fall back into the range.
$BTC .
A: News like this usually isn't reflected in prices right away, so just keep an eye on things going forward. A valid breakout needs to be accompanied by volume; breakouts on declining volume will most likely fall back into the range.
$BTC .
