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Bitcoin and broader crypto market going through tough times
According to the latest data, Bitcoin
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According to the latest data, Bitcoin is not in a good position for growth. Over the past 10 days the supply of stablecoins has shrunk by roughly $2.24 billion, coinciding with Bitcoin's fall from about $95,000 to $88,000. This trend points to general nervousness in the crypto market. Stablecoins—normally treated as a safe harbor amid crypto volatility—are losing their appeal in this case. The drop in stablecoin supply suggests traders prefer to move funds into more traditional assets, such as the US dollar,
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Jakub Novak,
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