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The stablecoin market has achieved a remarkable milestone, reaching a total market capitalization of $170 billion. This figure has not been observed since the collapse of TerraUSD (UST) in May 2022. According to data from DeFiLlama, this marks a 42.86% increase from the $119.1 billion market capitalization in November 2023. Analyst Explains How Rising Stablecoin Supply is Bullish For Bitcoin Driving this resurgence are the top three USD-pegged stablecoins – Tether (USDT), with a market cap of $118.43 billion; USD…

The US Consumer Price Index revealed that inflation dropped to 2.5% in August, down from 2.9% in July. Bitcoin’s subdued response suggests that markets had already priced in the positive news. US Inflation Falls To 2.5% The US Bureau of Labor Statistics (BLS) reported that CPI inflation fell to 2.5% in August, down from 2.9% in July. The CPI measures the average price changes consumers pay for goods and services, serving as a key indicator of inflation and the dollar’s…

The post Bitcoin Outflows Soar to $750M: What It Means for BTC’s Future appeared first on Coinpedia Fintech News Bitcoin’s recent outflows have surged to $750 million, marking the highest net withdrawal since May. This huge shift suggests that investors are moving their BTC into cold storage, potentially signaling a rise in confidence and a bullish outlook for Bitcoin. According to Juan Pellicer from IntoTheBlock, the increase in outflows could be due to investors expecting higher prices or avoiding potential…

The post Get Ready for a Bull Run: Analysts See Huge Potential in Solana, DTX Exchange (DTX) and Ethereum appeared first on Coinpedia Fintech News In recent weeks, there has been some news that worries the crypto space. Notably, new US jobs in August did not increase as expected, with only 142,000 jobs instead of the 164,000 analysts thought. This has also made some waves in the crypto market as analysts now look for tokens with amazing growth potential that…

The post US Debt Hits $35.3 Trillion: Bitcoin’s Surge Makes Debt Look Smaller! appeared first on Coinpedia Fintech News The US national debt has skyrocketed to $35.3 trillion as of September 10, 2024, marking a $1.36 trillion increase this year. Surprisingly, when compared to Bitcoin, this huge debt appears smaller. According to Sani from Timechain Index, the debt now equals 644 million BTC, down from 761 million BTC at the start of the year. Despite the rising dollar debt, Bitcoin’s…

The post AAVE Price Hits 28-Month High, Aims To Achieve $200 This September? appeared first on Coinpedia Fintech News Amid a strong bullish reversal in the cryptocurrency market, the Aave price has recorded a significant jump in its valuation this week. Moreover, this altcoin has successfully reclaimed the $150 mark today for the first time since 05th May 2022. Following this, investors are curious about this altcoin’s possibility of achieving the $200 mark this year. Are you one of many…

The post See 4 Cryptocurrencies To Target For Over 500% Gains Ahead Of 2025 appeared first on Coinpedia Fintech News Investing in the right crypto is the first important step if you’re looking to maximize your crypto profits before 2025. Four top contenders—IntelMarkets (INTL), Chainlink (LINK), Ondo Finance (ONDO), and Dogwifhat (WIF)—offer investors the chance to achieve over 500% ROI.  Each of these cryptos offers unique strengths: INTL’s AI-powered platform, LINK’s growing market anticipation, ONDO’s rise in tokenized treasuries, and…

The post Bitcoin Shows Bullish Move As Expected CPI Data Could Ignite Next Bull Run appeared first on Coinpedia Fintech News As the cryptocurrency markets look to bounce back, Bitcoin ETFs are seeing a major boost. On September 10th, these ETFs received $117 million in inflows, ending an eight-day dry spell. Meanwhile, top analyst Michael van de Poppe predicts a Bitcoin price surge, fueled by these positive ETF inflows and the upcoming release of CPI data. Bitcoin Shows Bullish Move…

The post FTX News: Caroline Ellison of Alameda Research Faces 110 Years appeared first on Coinpedia Fintech News Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried, is now in the spotlight as she faces a possible 110-year sentence for her role in the infamous FTX collapse. Once a rising star in the crypto world, Ellison’s involvement in the misuse of billions of dollars has brought her face-to-face with one of the harshest penalties in the…