Circle launches the official Arc network with USDC as the native gas token—how will $BTC react?
According to CoinTelegraph, the market is abuzz after the news that Circle has launched the official Arc network with USDC as the native gas token. This is considered an important move that could directly affect the sentiment of holders of $BTC in the short term.
Reaction of $BTC
Short-term uncertainty in sentiment: The new information makes investors more cautious. Speculative inflows into $BTC may pause over the next 24 hours, leading to sideways movement or a slight correction due to profit-taking pressure.
No major panic: This isn’t sudden, shockingly negative news that would severely impact the entire market. For those closely following the BTC ecosystem, this is a step within the development roadmap, so it shouldn’t trigger a strong sell-off wave.
Long-term trend depends on macro factors: In the long run, the price of $BTC will still rely on core drivers such as on-chain activity, ETF fund flows, TVL, and overall market sentiment in the crypto sector. If the ecosystem continues to expand, the outlook remains positive.
Do you think $BTC will surge strongly after this news? 👇
#Binancenews #xuhuong #CryptoNews
According to CoinTelegraph, the market is abuzz after the news that Circle has launched the official Arc network with USDC as the native gas token. This is considered an important move that could directly affect the sentiment of holders of $BTC in the short term.
Reaction of $BTC
Short-term uncertainty in sentiment: The new information makes investors more cautious. Speculative inflows into $BTC may pause over the next 24 hours, leading to sideways movement or a slight correction due to profit-taking pressure.
No major panic: This isn’t sudden, shockingly negative news that would severely impact the entire market. For those closely following the BTC ecosystem, this is a step within the development roadmap, so it shouldn’t trigger a strong sell-off wave.
Long-term trend depends on macro factors: In the long run, the price of $BTC will still rely on core drivers such as on-chain activity, ETF fund flows, TVL, and overall market sentiment in the crypto sector. If the ecosystem continues to expand, the outlook remains positive.
Do you think $BTC will surge strongly after this news? 👇
#Binancenews #xuhuong #CryptoNews