“Bitcoin Drought: Exchange Supply Plummets to Record 5-Year Low – Grab Yours Now!”
The amount of Bitcoin on exchanges has reached its lowest level since December 2017, which suggests an increased interest in self-custody among traders. A lower supply of the flagship cryptocurrency on trading platforms reduces the potential risk of the coins being sold back on the market, ultimately reducing the available supply and making it easier […]
“1-Month T-Bill Rate Crashes: Lowest Since October Amid Soaring Debt-Ceiling Worries”
Traders have been investing heavily into the one-month US T-bill amid ongoing concerns over the debt ceiling. The rate fell over 40 basis points to around 3.3%, its lowest level since mid-October during New York afternoon trading, reported Tradeweb. Tom di Galoma, managing director and co-head of global rates trading at BTIG LLC, said the move reflects traders’ view […]
“Stablecoin Surprise: BUSD Supply Plummets to Lowest Since April ’21 as 10 Billion Redeemed!”
After a redemption of nearly 10 billion stablecoins, Binance USD’s (BUSD) supply dropped to its lowest level since April 2021, reflecting a change in the general attitude in the cryptocurrency market. As the market moves from extremely bullish to cautious, some commentators are viewing stablecoin redemption as a sign of mounting uncertainty. Stablecoins like BUSD […]