Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on January 15, 2021, 01:01:22 AM

Title: Is a new rally brewing as Bitcoin reclaims $38K and stablecoins 'flooding' exchanges?
Post by: newshunter on January 15, 2021, 01:01:22 AM

Is a new rally brewing as Bitcoin reclaims $38K and stablecoins 'flooding' exchanges?

Stablecoin inflows into exchanges spiked right as the price of Bitcoin recovered above $38,000, on-chain data shows.

Source: Is a new rally brewing as Bitcoin reclaims $38K and stablecoins 'flooding' exchanges? (https://cointelegraph.com/news/is-a-new-rally-brewing-as-bitcoin-reclaims-38k-and-stablecoins-flooding-exchanges)

Would appreciate your opinion about this

Title: Re: Is a new rally brewing as Bitcoin reclaims $38K and stablecoins 'flooding' exchanges?
Post by: bigcash2011 on January 15, 2021, 10:04:20 PM

Today bitcoin has dropped significantly to around 34k so it seems like btc is going through an accumulation phase and it will be good for it over longterm as strong support area is being developed and it will build on this foundation in coming weeks.

Title: Re: Is a new rally brewing as Bitcoin reclaims $38K and stablecoins 'flooding' exchanges?
Post by: codehash on January 17, 2021, 09:27:15 PM

Everyone I talk to is expecting a new rally. There is a big rally expectation especially in altcoins. The entry of stable coins into exchanges shows this. My expectation is in this direction.