From a structural perspective | BIS paper says deposit rates point to slower stablecoin growth
The news won’t change where the previous highs and key moving averages are—those are the levels to watch. Keep an eye on whether the on-chain data for related tokens changes as well.
At first glance, it doesn’t look great, but the extent of the impact depends on how heavy the selling pressure is going forward.
$BTC , up 0.52% intraday; 24-hour range: 80819.66–82295.47.
These are just my thoughts and could be wrong. You’re responsible for your own gains and losses.
The news won’t change where the previous highs and key moving averages are—those are the levels to watch. Keep an eye on whether the on-chain data for related tokens changes as well.
At first glance, it doesn’t look great, but the extent of the impact depends on how heavy the selling pressure is going forward.
$BTC , up 0.52% intraday; 24-hour range: 80819.66–82295.47.
These are just my thoughts and could be wrong. You’re responsible for your own gains and losses.