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#BTCvsETH ETH open interest has also touched new highs, currently standing at over $56 billion, CoinGlass data shows. The number refers to the amount of money traders have yet to settle while betting on the future price of the asset. The price rise comes as American investors fast pile into Ethereum exchange-traded funds, thus prompting the ETF issuers to buy up more and more ETH. The products—approved by the SEC last year—received over $726 million in net inflows on Wednesday, the best day in their trading history
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#StablecoinLaw stablecoin is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to a reference asset, which is either fiat money, exchange-traded commodities (such as precious metals or industrial metals), or another cryptocurrency.[1] In theory, 1:1 backing by a reference asset could make a stablecoin value track the value of the peg and not be subject to the radical changes in value common in the market for many digital assets.[2] In practice, stablecoin issuers have yet to be proven to maintain adequate reserves to support a stable value, and there have been a number of failures with investors losing the entirety of the (fiat currency value of their holdings.
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#CryptoMarket4T the cryptocurrency market capitalization is currently at $3.68 trillion, and the back-to-back bullish momentum has sparked the debate over how soon it will reach $4 trillion in total value and what all crypto coins and tokens will be backing its growth. To date, the highest market cap of the crypto market is recorded near to $3.83 trillion in late 2024, and most recently it has succeeded in touching the mark of $3.76 trillion. The maturation in the market
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#AltcoinBreakout The up move has reached near the overhead resistance of $4.30, where the sellers are expected to mount a strong defense. There is support at $3.81 and then at the 20-day exponential moving average (EMA) ($3.37). If the price rebounds off the 20-day EMA, the bulls will again attempt to drive the SUI/USDT pair above $4.30. If they manage to do that, the pair could surge to $5 and eventually to $5.37. This optimistic view will be negated in the near term if the price turns down and breaks below the 20-day EMA. That suggests the bulls are losing their grip. #SUI🔥
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$SUI The up move has reached near the overhead resistance of $4.30, where the sellers are expected to mount a strong defense. There is support at $3.81 and then at the 20-day exponential moving average (EMA) ($3.37). If the price rebounds off the 20-day EMA, the bulls will again attempt to drive the SUI/USDT pair above $4.30. If they manage to do that, the pair could surge to $5 and eventually to $5.37. This optimistic view will be negated in the near term if the price turns down and breaks below the 20-day EMA. That suggests the bulls are losing their grip. The pair may then drop to the
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