BPGWAUIX98 $BTC still , daily +weekly are bearish. Don’t jum | Shaheerulhaq on Binance Square

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BPGWAUIX98$BTC still , daily +weekly are bearish. Don’t jump until it may reach 72-70k

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$USDC The recent surge in stablecoins is a big deal for traders. It shows that more people are looking for safety in the crypto market. When the market is volatile, traders use stablecoins to protect their funds from price swings. This increase in demand also means more liquidity, making it easier to enter and exit trades quickly. With stablecoins like USDT and USDC gaining popularity, traders can move funds faster between exchanges without relying on traditional banks. However, we must watch out for regulations and risks tied to stablecoin issuers. Overall, the surge in stablecoins signals strong market activity and growing trust in digital assets for trading and investment.

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#StablecoinSurge So what's a Stable coin ??? A stablecoin is a type of cryptocurrency designed to maintain a stable value by maintaining its worth to an external reference, such as a fiat currency (like the U.S. dollar), a commodity (like gold), or another financial instrument... A "stablecoin surge" refers to a significant increase in the supply, demand, or usage of stablecoins in the cryptocurrency market. This can happen for various reasons, **Market Volatility** During uncertain times, investors often move their funds into stablecoins to avoid the price fluctuations of other cryptocurrencies like Bitcoin or Ethereum. The most widely used stablecoin today is **Tether (USDT)**. It has maintained its dominance in the market due to its strong liquidity and widespread adoption across major cryptocurrency exchanges and decentralized finance (DeFi) platforms. So in the last 2 days when the market was soaring stable coin's value was supposedly stable, since trades were being made among the coins.. And then we see the market dipping today! Which'll eventually pick it's pace helping raise stable coin's value and price.. Follow for more updates!!

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