Bitget App

Trade smarter

Homepage Sign up

Analyst: The decline in the market value of stablecoins indicates a weakening of market purchasing power

Analyst: The decline in the market value of stablecoins indicates a weakening of market purchasing power

Bitget2024/10/10 19:43

Analyst Ali stated in a post, "The market capitalization of stablecoin has dropped by $780 million, signaling reduced buying power in the market. This could lead to weaker demand for cryptocurrencies, potentially causing price stagnation or even declines. “

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

You may also like

After Powell's speech, the probability of a Fed rate cut on Polymarket rose to 94%

Chaincatcher•2025/10/15 02:42

Blockchain-based financial services company Telcoin completes $25 million Pre-A round financing

Chaincatcher•2025/10/15 02:42

Data: The smart money that shorted BTC and earned $5.16 million during the LUNA/UST crash has made another move, buying 2,879 XAUt within 8 hours.

Chaincatcher•2025/10/15 01:28

The smart money that shorted BTC and earned $5.16 million during the LUNA/UST crash has spent $12.01 million to purchase 2,879 XAUt.

金色财经•2025/10/15 01:24

Trending news

After Powell's speech, the probability of a Fed rate cut on Polymarket rose to 94%

Blockchain-based financial services company Telcoin completes $25 million Pre-A round financing

Crypto prices

Bitget lists PI – Buy or sell PI quickly on Bitget!

Become a trader now?A welcome pack worth 6200 USDT for new users!

Trade smarter