In its latest review of the Bitcoin market, CryptoQuant, a cryptocurrency analysis platform, said there has been “a significant divergence in stablecoin liquidity,” meaning that the market is entering ‘a transition phase’. The company has shared 30 days flow data with inflows of the transaction, while in flows to Tether remain relatively stable; larger and persistent outflow is observed in …
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The Drop in the Dollar (DXY) Didn’t Boost Bitcoin This Time! JPMorgan Explains Why!
While there are many reviews of Bitcoin’s poor performance, its failure to recover and the causes for it, the most recent analysis comes from JPMorgan. But JPMorgan analysts said at this stage that “By the unusually, Bitcoin did not rise in parallel with the decline of the US dollar.” This is because most market participants do not see Bitcoin as …
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