$USDC USD Coin (USDC) is currently trading at $1.00, with a 24-hour trading volume of $4.06 billion. Its market capitalization stands at $58.96 billion, and it has a circulating supply of 58.77 billion USDC.
In terms of its performance, USDC has remained stable. This stability is due to its design as a stablecoin, which is backed by cash and short-term U.S.
#StablecoinSurge The stablecoin market is experiencing a significant surge, with the total supply exceeding $205 billion as of March 13, 2025. This represents a 10.9% growth since January 1, 2025, with a notable increase of $20.17 billion. The stablecoin market capitalization has also reached an all-time high of $217.8 billion.
*Key Drivers of the Surge:*
- _Increased Adoption_: Stablecoins are gaining traction due to their ability to provide stability amidst market volatility ¹. - _Growing Liquidity_: The surge in stablecoin supply reflects growing liquidity in the cryptocurrency market ³. - _Institutional Investment_: Stablecoin transfers are spiking, indicating over-the-counter accumulation by institutional buyers ⁴.
*Market Implications:*
- _Price Reversal_: The surge in stablecoin transfers could trigger a rapid price reversal in the futures market. - _Altcoin Market_: Despite the stablecoin surge, the altcoin market is struggling, with low spot exchange balances weakening demand ⁵. - _Real-World Payments_: Adoption is shifting towards real-world payments, with stablecoins being used for everyday transactions.
#BinanceSquareTalks #COTI/USDT My strategy with COTI is solid, especially from a risk-reward perspective. I am focusing on: Technical Setup:Multi-year symmetrical triangle (indicating a potential big breakout).Ascending trendline bounce (support held after deep testing).3-day candle close above trendline (bullish confirmation).Risk-Reward Assessment:Low risk since it's at the bottom of the structure.High reward with potential 5-6x gains if the breakout plays out.Trading Style:Spot/Swing tradin
As of January 31, 2025, Jasmy Coin (JASMY) is trading at approximately $0.0323, reflecting a significant increase of about 25% from the previous close. The day's trading has seen a high of $0.0337 and a low of $0.0258.
This surge has positioned JASMY among the top gainers in the cryptocurrency market, attracting considerable attention from investors. Technical analysis indicates that Jasmy Coin has been following a falling channel pattern since November 2024, suggesting a prolonged bearish tre
As of January 31, 2025, XRP is trading at approximately $3.07, experiencing a slight decline of about 0.97% in the last 24 hours. The intraday high reached $3.15, with a low of $3.06. In mid-January, XRP retraced to a support zone between $2.52 and $2.68. The market's respect for this range suggests potential for a rebound, provided the price remains above this support. To confirm the completion of the corrective phase (wave two), XRP needs to maintain its recent low around $2.65. Holding this l
As of now, there is no official confirmation from Binance regarding the listing of Ondo Finance's ONDO token on its spot trading platform. However, several indicators suggest that such a listing might be forthcoming: Binance's Accumulation of ONDO: Reports indicate that Binance's wallets have been accumulating significant amounts of ONDO tokens. For instance, the "Binance Hot Wallet 20" holds nearly 550,000 ONDO, valued at over $900 million. followin.ioMarket Speculation: The crypto community is
1. Support and Resistance: - Immediate Support: Around $104,000. - Immediate Resistance: Near $106,000. 2. RSI (Relative Strength Index): - RSI is currently around 50, indicating a market-neutral zone. No signs of overbought or oversold conditions. 3. MACD (Moving Average Convergence Divergence): - MACD line and signal line are crossing, indicating a potential bullish momentum. However, volume support is not confirmed. 4. Volume Analysis: - Volume is currently low, which does not support a price breakout. A strong move is unlikely until volume increases. 5. Fundamental News (Short): - There are reports of increasing BTC adoption, but macroeconomic uncertainty is still a concern. Investors are in a wait-and-see mode.
Impression Tip: This analysis suggests that the price may test the $104K support level. If it breaks, it could drop to $102K; otherwise, the resistance at $106K might break, indicating bullish momentum. Keep an eye on volume and RSI signals.
🚀 Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry. Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
According to the latest US Consumer Confidence report, the index declined significantly, with consumers expressing less optimism about both current business conditions and future economic outlook, primarily due to a drop in expectations regarding income and job market prospects; while assessments of the current labor market remained positive, concerns about future business conditions weighed heavily on consumer sentiment.
Main Points:
Overall decline: The Consumer Confidence Index fell notably, indicating a decrease in overall consumer optimism about the economy.
Weakened expectations: The biggest drop was seen in the "Expectations Index," reflecting consumers' less positive outlook on future business conditions and personal income.
Current business conditions mixed: While consumers still perceive current business conditions as relatively good, there was a slight decline in this assessment compared to the previous month.
Labor market optimism persists: Despite concerns about the overall economy, consumers continue to view the current job market favorably.