CoinsAQ summary · neutral
Stablecoins Grow While Bitcoin Investors Cautious In July
What happened
Investors are uncertain and moving their Bitcoin off exchanges, while stablecoins are set to take off after GENIUS passed. Crypto market analysts are optimistic as July winds to a close, and Bitcoin reserves on crypto exchanges are down 2% on the month. This is a bullish.
Related asset context
Not financial advice. News and sentiment can be incomplete, delayed, or change quickly.
Continue researching
Related stories
Kinetic’s $24 million XRP-linked lending market showed a 0.04% base rate before rewards
Kinetic’s FXRP lending market showed a 0.04% base lender rate on Nov. 1. Rewards made up most of the displayed yield on roughly $24 million supplied.
Binance begins second withdrawal phase, exchange outflows slow
Binance is preparing to restore withdrawals for more cryptocurrencies following its $6.3 billion hack, with the second phase scheduled to begin Tuesday at 04:00 UTC.
:quality(82)/2af82e9462314a59bf8ba6bc75e25212)
Arthur Hayes Says Bitcoin Faces Weakness Until Fed or Banks Expand Balance Sheets
Arthur Hayes says Bitcoin faces weakness until the Fed or banks grow balance sheets, even as a dollar liquidity gauge rises.