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via decrypt.coMarkets

Stablecoin drain and ETF outflows leave Bitcoin running on empty

FROM THE WIRE · DECRYPT.CO

Stablecoin supply fell $14.2 billion in 30 days, the fastest contraction since June 2022, amid weak ETF demand.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishShrinking stablecoin supply and weak ETF demand reduce support for Bitcoin.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Stablecoin supply fell $14.2 billion in 30 days.
  2. 02It is the fastest contraction since June 2022.
  3. 03Weak ETF demand is contributing to the negative picture.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
BitcoinBTCUSDCrypto74,436.49 USD+0.10%today +0.97%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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