Glassnode: Slowdown in Stablecoin Issuance Growth, Continued Tightening of Crypto Market Liquidity
Glassnode stated that while stablecoin supply continues to grow, its rate has slowed in recent weeks. As stablecoins are widely used as core pricing assets in the crypto market, this slowdown further confirms the trend of liquidity contraction and declining risk appetite in the entire digital asset market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: The current Crypto Fear & Greed Index is 9, indicating an extreme fear state.
Multiple U.S. hedge funds reduced holdings in the "Tech Magnificent Seven" in Q3
DCR is currently priced at $37.04, up 10.6% in the past 24 hours.
Trending news
MoreCrypto prices
More
