Stablescoins Act As "Rocket Fuel," Propels Bitcoin To Another ATH
Bulls were able to prevent the pattern from fully forming, stopping the candle short of the 50% engulfing requirement. The pattern and minor pullback was enough to lure bears in a trap, and this morning short sellers were squeeze and Bitcoin blasted through resistance to set yet another new high. Coinciding with the rise, was a sizable uptick in stablecoin transactions that one cryptocurrency quant analyst says was used as โrocket fuelโ by whales to pump BTC prices even higher. Stablecoin t...
Jack Dorsey Young Ju Bitcoin Overtakes Russian Ruble Inches Closer To Top Ten Global Will Tether Eventually Running Bitcoin
Source: newsbtc.com