News list for " widely"

Tether's dollar-denominated stablecoin already controls two-thirds of the market and has gained 20% market share in the past two years.

On September 16th, according to Cointelegraph, after widespread adoption in the past two years, Tether's dollar-denominated stablecoin currently controls two-thirds of the entire stablecoin market. Token Terminal data shows that the USDT market share has increased by more than 20% (from 55% to 75%) in the past two years, and the supply has reached $118 billion, which now accounts for more than 75% of the entire stablecoin market.

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2024-09-16 23:13:37
Bloomberg: Bitcoin and crypto markets have fallen significantly so far in August, while global stock markets are returning to all-time highs

Bitcoin and the broader crypto market have seen sharp declines so far this month, but global stock markets are returning to all-time highs after shrugging off fears about U.S. economic growth. Bitcoin fell about 10 percent in August, trailing the nearly 1 percent gain in the MSCI Inc. global index and gold's rise to all-time highs. The Bloomberg Global Bond Index rose nearly 2 percent over the same period. Analysts have pointed out that the US government is dealing with the risk of confiscating ...

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2024-08-19 21:20:06
Analysis: Bitcoin expected to rise to $70,000, but still need to watch Federal Reserve policy and Mt. Gox impact

Bitcoin traders expect the price to hit $70,000 in the near term as sentiment swings around the broader crypto industry ahead of the U.S. election and selling pressure from key wallets subsides. "The rally in bitcoin prices shows that the market is more optimistic about the near-term macro environment," Lucy Hu, a senior analyst at Metalpha, said on Wednesday. "The market is encouraged by Trump's vice presidential pick, which shows that the government and policy are more friendly to cryptocurren...

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2024-07-17 15:51:47