Crypto stablecoin supply falls $14.2B, largest drop since 2022
Stablecoin supply shrank by $14.2B, the biggest decline since the 2022 bear market, while crypto lagged the equity rally and demand reportedly hit a four-year low.
What we know
Market news accounts report a $14.2B drop in stablecoin supply, the largest since the 2022 bear market. An unverified claim says US crypto demand is at a four-year low. Traders note BTC has lagged stocks but stay bullish medium term, and the Bitwise CIO calls any pullback a likely buying opportunity. CoinShares' survey shows Bitcoin keeping the strongest growth outlook.
Sources
“Bitcoin remained the digital asset with the strongest growth outlook”
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“Crypto stablecoin supply drops by $14.2 billion, largest decline since the 2022 bear market.”
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