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Bitcoinist 2021-08-30 19:00:34

Bitcoin Dry Powder Accumulates On Exchanges As Stablecoins Exceed $19 Billion

On-chain data shows Bitcoin dry powder has been accumulating on exchanges as stablecoins reserve exceeds $19 billion. Stablecoins Reserve Crosses $19 Billion As pointed out by a CryptoQuant post, exchanges now hold stablecoins worth more than $19 billion. Such a large reserve might mean enough dry powder for Bitcoin to make a big move soon. […]

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