Circle minted 50 million USDC on Ethereum.
My habit when looking at stablecoin data is: a single mint is just a clue; the key is the net direction over the course of a week. Sustained mints, combined with an increase in stablecoin balances on exchanges, are what look like new money getting ready.
$BTC current price is 82904.17. Where is the dividing line in your mind?
#BTC
Be careful of the risks and make your own decision.
My habit when looking at stablecoin data is: a single mint is just a clue; the key is the net direction over the course of a week. Sustained mints, combined with an increase in stablecoin balances on exchanges, are what look like new money getting ready.
$BTC current price is 82904.17. Where is the dividing line in your mind?
#BTC
Be careful of the risks and make your own decision.