Today's big news!📰
Have you heard about stablecoins?🤔
In 30 days, $14.2 billion worth of stablecoins flowed out. It's the biggest outflow since June 2022.
What does that mean?
Stablecoins are like cash for buying crypto. If there's less cash in the market, there are fewer purchases and prices go down.
That's why everything is in the red today. It's not just because it's the weekend—this is one of the reasons:
$BTC $67,202, down 3.2%
$ETH $1,907, down 2.7%
$BNB $615, down 3.5%
$SOL $75.8, down 5.9%
$XRP $0.99, down 2.8%
Remember, the market moves on weekends with lower trading volume, but it still moves. More people come in on Monday, and it can move even more sharply.
So tell me: do you keep your money in USDT, or do you leave it in BTC, or something else?
I'll read your comments 🤗
#stablecoin #USDT #BinanceSquare
Have you heard about stablecoins?🤔
In 30 days, $14.2 billion worth of stablecoins flowed out. It's the biggest outflow since June 2022.
What does that mean?
Stablecoins are like cash for buying crypto. If there's less cash in the market, there are fewer purchases and prices go down.
That's why everything is in the red today. It's not just because it's the weekend—this is one of the reasons:
$BTC $67,202, down 3.2%
$ETH $1,907, down 2.7%
$BNB $615, down 3.5%
$SOL $75.8, down 5.9%
$XRP $0.99, down 2.8%
Remember, the market moves on weekends with lower trading volume, but it still moves. More people come in on Monday, and it can move even more sharply.
So tell me: do you keep your money in USDT, or do you leave it in BTC, or something else?
I'll read your comments 🤗
#stablecoin #USDT #BinanceSquare