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Glassnode says stablecoin supply fell $14.2bn, sapping rally fuel

NewsFeeds update

Glassnode said stablecoin supply shrank by $14.2bn over 30 days, the fastest contraction since June 2022, leaving little fresh capital to drive a crypto rally. It said Bitcoin must reclaim $75,600 to rebound, while a weekly close below $58,500 would invalidate that scenario.

StablecoinsCoinNessAIBearish

Read the original on CoinNess

More Stablecoins updates

  1. Arthur Hayes moves $3m in USDC to Flowdesk and Galaxy Digital

    StablecoinsPANewsAIBullish

  2. Stablecoin supply falls $14.2bn in 30 days, sharpest drop since 2022

    StablecoinsCoinNessAIBearish

  3. ADI PredictStreet removes USD1 references and says it uses USDC

    StablecoinsPANewsAINeutral

Every Stablecoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.