Education
Stablecoin Inflows Propel Historic Crypto Market Surge
There is a rising influx of capital into the
cryptocurrency market, notably through the consistent upsurge of the stablecoin Tether (USDT). This is
according to a report released by KuCoin Research, which highlighted that the
correlation between the issuance of USDT and the price of Bitcoin had reached
unprecedented heights.
This trend shows the strength of USDT in the stablecoin
sector and its role in market stability. KuCoin Research’s monthly market
insight paints a compelling picture of an industry characterized by increasing
institutional interest, a resurgent Bitcoin, and the soaring prominence of
stablecoins.
Besides that, there has been a heightened
participation by institutions and hedge funds in the cryptocurrency space since
mid-October 2023. This activity has strengthen the status of Bitcoin
Bitcoin
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term, propelling
Bitcoin futures and options’ open interest.
Moreover, KuCoin’s report has underscored the
resilience of the market, highlighting a boost in investments in November. This
sector witnessed an upswing in the number and value of investments.
November witnessed a robust recovery in the
investment landscape, with both deal size and numbers hitting new highs. Seed
rounds dominated, especially in the $1 million to $10 million funding range.
Leading institutions like a16z and Coinbase Ventures
favored infrastructure and social entertainment projects. This bullish trend commenced in mid-October
persisted through November. Institutional investors took sizable long positions
on Bitcoin, propelling its price beyond $38,000.
Altcoin Surge and Regulatory Moves
This bullish sentiment trickled down to altcoins,
where sectors like BRC-20 tokens, AI-related projects, and proof-of-work coins surged
while established coins faced a subdued phase.
USDT marked an all-time high in issuance despite
regulatory hurdles faced by TUSD and BUSD. Ethereum
Ethereum
Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language,
Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language,
Read this Term‘s Layer 2 solutions
observed a surge in total value locked (TVL), particularly in StarkNet and
other platforms. Meanwhile, Avalanche and Solana experienced significant gains,
contrasting Tron’s TVL decline following a notable security incident.
Regulatory clarity remained a focal point, with
Binance settling issues with U.S. authorities via a significant fine, perceived
as a positive step toward compliance. South Korea’s establishment of a
specialized agency for overseeing virtual assets underscored Asia’s focus on
consumer protection in crypto regulation.
There is a rising influx of capital into the
cryptocurrency market, notably through the consistent upsurge of the stablecoin Tether (USDT). This is
according to a report released by KuCoin Research, which highlighted that the
correlation between the issuance of USDT and the price of Bitcoin had reached
unprecedented heights.
This trend shows the strength of USDT in the stablecoin
sector and its role in market stability. KuCoin Research’s monthly market
insight paints a compelling picture of an industry characterized by increasing
institutional interest, a resurgent Bitcoin, and the soaring prominence of
stablecoins.
Besides that, there has been a heightened
participation by institutions and hedge funds in the cryptocurrency space since
mid-October 2023. This activity has strengthen the status of Bitcoin
Bitcoin
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term, propelling
Bitcoin futures and options’ open interest.
Moreover, KuCoin’s report has underscored the
resilience of the market, highlighting a boost in investments in November. This
sector witnessed an upswing in the number and value of investments.
November witnessed a robust recovery in the
investment landscape, with both deal size and numbers hitting new highs. Seed
rounds dominated, especially in the $1 million to $10 million funding range.
Leading institutions like a16z and Coinbase Ventures
favored infrastructure and social entertainment projects. This bullish trend commenced in mid-October
persisted through November. Institutional investors took sizable long positions
on Bitcoin, propelling its price beyond $38,000.
Altcoin Surge and Regulatory Moves
This bullish sentiment trickled down to altcoins,
where sectors like BRC-20 tokens, AI-related projects, and proof-of-work coins surged
while established coins faced a subdued phase.
USDT marked an all-time high in issuance despite
regulatory hurdles faced by TUSD and BUSD. Ethereum
Ethereum
Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language,
Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language,
Read this Term‘s Layer 2 solutions
observed a surge in total value locked (TVL), particularly in StarkNet and
other platforms. Meanwhile, Avalanche and Solana experienced significant gains,
contrasting Tron’s TVL decline following a notable security incident.
Regulatory clarity remained a focal point, with
Binance settling issues with U.S. authorities via a significant fine, perceived
as a positive step toward compliance. South Korea’s establishment of a
specialized agency for overseeing virtual assets underscored Asia’s focus on
consumer protection in crypto regulation.
#Stablecoin #Inflows #Propel #Historic #Crypto #Market #Surge
Source link
