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Matrixport: Bitcoin is still in a range where stablecoin growth is almost stagnant and transaction volume is relatively low

Odaily2024/07/17 08:39
By:Odaily
Odaily News Matrixport said in its latest market analysis that Bitcoin has been in a challenging period of volatility and consolidation recently. Although it has rebounded in recent days, it is still in a range where stablecoin growth has almost stagnated and trading volume is relatively low. In the long run, this consolidation may be bullish if a sharp rebound is followed. Factors that have triggered the rebound recently include developments in US politics and the potential launch of an Ethereum spot ETF.
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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.

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