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Bitcoin is above $60K, Will BTC break the $61K resistance?
Bitcoin Price Analysis for long-term on OvenAdd
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On October 16, a substantial amount of cryptocurrency was purchased, with approximately 6,759 Bitcoin ( $BTC ) and 9,280 Ethereum ( $ETH ) changing hands. 💵 Bitcoin exchange-traded funds (ETFs) experienced impressive net inflows of $456.9 million. 💵 Ethereum ETFs also saw significant engagement, with net inflows of $24.2 million, reflecting a positive sentiment in the market for Ethereum as well.
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🪙 USDT Adoption Grows Steadily According to Tether's new report, the number of USDT users is on a consistent upward trajectory, reflecting an impressive average quarterly increase of 9%. This steady growth signals a growing acceptance and reliance on #stablecoins across various sectors. 👨👩👦👦 In Q3, the number of #USDT users on the blockchain reached a remarkable 330 million, which is nearly equivalent to the population size of the entire United States. The report attributes this rapid growth to several key factors, including the expanding adoption of Layer 2 solutions that enhance transaction efficiency and lower costs, as well as the seamless integration with the #TON blockchain, which opens up new avenues for users to engage with cryptocurrency in innovative ways.
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