viktor🎩🌈🔵🍿✈️🌐
@viktorfren3
2261 Following
1018 Followers
0 reply
0 recast
1 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
3 reactions
0 reply
0 recast
1 reaction
0 reply
0 recast
3 reactions
1 reply
0 recast
4 reactions
0 reply
0 recast
4 reactions
4 replies
1 recast
9 reactions
Global Stablecoin Market Capitalization Exceeds $212 Billion
Analysis of user preferences has demonstrated the absolute leadership of Tether's USDT stablecoins, which dominate the market with a share of about 65% and a capitalization of $138.5 billion. The closest competing asset, Circle's USDC stablecoin, has grown by more than 11% over the past week, reaching a market capitalization of about $51 billion.
According to experts at Castle Island Ventures, the stablecoin market was able to reach a new historical level due to the fact that stablecoins are becoming a preferred asset for everyday transactions, savings, currency conversion and cross-border payments.
Castle Island said that stablecoins have penetrated the deepest into the emerging markets of Latin America, Africa, the Middle East and Indochina.
Earlier, Circle CEO and co-founder Jeremy Allaire suggested that dollar-pegged stablecoins could become a mass-market US export product. 2 replies
0 recast
3 reactions
1 reply
0 recast
4 reactions
5 replies
0 recast
6 reactions
On the morning of January 20, the Bitcoin (BTC) rate updated its historical maximum. The price of the first cryptocurrency reached $109,358 on the Coinbase exchange and $109,588 on Binance paired with USDT.
Over the past day, the leading digital asset rose in price by 2.1%, its capitalization reached $2.14 trillion. The total capitalization of cryptocurrencies during this time increased by 1%, to $3.83 trillion.
The previous historical maximum of Bitcoin was reached on the evening of December 17, 2024, when its price rose above the $108.3 thousand mark - $108,388 on the American crypto exchange Coinbase and 108,353 USDT on Binance.
As cryptocurrency rates rose, 414,000 traders' positions worth a total of $1.25 billion were liquidated on exchanges in 24 hours. Most of the forcibly closed positions ($918 million) were long, meaning they were moving against the fall in cryptocurrency rates. 4 replies
1 recast
6 reactions
0 reply
0 recast
1 reaction
Ripple Labs' XRP (XRP) price has risen 41.5% in a week, hitting a 7-year high. Over the past 24 hours, the token's rate has risen to $3.39, according to CoinMarketCap. This is the highest value since January 7, 2018, when XRP reached $3.48.
The asset's maximum price was recorded on January 4, 2018, at $3.84, according to the aggregator. As of 13:00 Moscow time on January 17, the XRP price is hovering around $3.3, which is 14.3% lower than the record. According to crypto exchanges Bitfinex and Bitstamp, XRP has hit a new all-time high.
XRP is the third-largest cryptocurrency. Its market cap today is over $189.7 billion. The volume of open interest in XRP futures (the total number of contracts that have not yet been executed) has reached a record $8 billion, according to Coinglass. 5 replies
2 recasts
5 reactions
5 replies
0 recast
4 reactions
3 replies
0 recast
5 reactions
Over the past two days, large investors have been actively accumulating Dogecoin (DOGE) and XRP. Experts say that the obvious reason for such enthusiasm is the approaching inauguration of Donald Trump, scheduled for January 20. However, crypto whales have other reasons to buy up billions of tokens.
Thus, large investors accumulated about 470 million DOGE just 48 hours after Elon Musk's comment on cryptocurrency prices. He said that Bitcoin and Dogecoin could become significantly cheaper in the next two years. According to the billionaire, this will happen with improving economic conditions in the United States and a stronger dollar. Almost immediately after the comment, the memecoin fell by 20%, which large investors rushed to take advantage of.
The accumulation of XRP turned out to be even more significant - in 48 hours, crypto whales acquired 1 billion tokens. One of the catalysts for the activity was Ripple Labs transferring 300 million XRP, worth about $682 million, to an unknown wallet. 6 replies
1 recast
8 reactions
2 replies
0 recast
1 reaction
6 replies
0 recast
6 reactions