CCData’s June 2023 report highlights the importance of stablecoins in the crypto market. While the report discusses the declining trend in stablecoin market capitalization, it does not provide specific details about the future. Another report by CCData focuses on Bitcoin and its potential evolution in the market. BlackRock’s application for a spot Bitcoin ETF is seen as a significant development, with other financial institutions following suit. Bitcoin’s recent revival is driven by increased buying pressure, and its dominance in the market has exceeded 50%. The report also mentions the decline in liquidity on US exchanges, while major foreign exchanges have seen an increase. The entry of giants like BlackRock into the crypto market could potentially change the landscape. The report also examines the declining market capitalization of stablecoins and the stagnant progress in the CBDC sector. Bitcoin is seen as a protection against expansive monetary policies that CBDCs cannot offer.
Continue reading on Cryptonomist.ch
By
By
By
By
By