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NewsBTC

2021-02-03 14:16:10

Calls for Bitcoin Price Rally Grows as $600M Enter Crypto Exchanges

Calls for Bitcoin Price Rally Grows as $600M Enter Crypto Exchanges

Cryptocurrency exchanges experienced a dramatic rise in stablecoin deposits in the previous 24 hours, instilling hopes that traders will use the dollar-pegged tokens to purchase Bitcoin. Data fetched by blockchain analytics platform, CryptoQuant, showed exchanges’ stablecoins reserves hitting a record high of 5.47 billion after adding $600 million in a day. The spike apprehensively coincided […]

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