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The increased demand for Tether could reflect market participants seeking stability amidst the recent volatility in other cryptos.
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The number is more than six times the number of Bitcoins in circulation, its closest rival. #ETH
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There are currently about 120 million ether coins in circulation. #Ethereum
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People add more of its units into the network through mining.
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The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year.
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Ultimately, the on-chain exchange flow data from Glassnode highlights the ongoing market dynamics and investor sentiment within the crypto ecosystem.
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