“When news about unlimited support for bank deposits made the rounds, bitcoin prices exploded from $20,000 to $28,000 within a matter of days,” said Thielen in a note to clients on Thursday. “But it would appear that holders of USDC either converted their Circle stablecoin into Tether’s USDT or that they simply sold $10 billion of USDC and bought bitcoin instead.”
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Bitcoin (BTC) $ 103,360.00
Ethereum (ETH) $ 2,481.86
Tether (USDT) $ 1.00
XRP (XRP) $ 2.36
BNB (BNB) $ 642.58
Solana (SOL) $ 167.21
USDC (USDC) $ 0.999848
Dogecoin (DOGE) $ 0.216478
Cardano (ADA) $ 0.742567
TRON (TRX) $ 0.272280Bitcoin (BTC) $ 103,360.00Ethereum (ETH) $ 2,481.86Tether (USDT) $ 1.00XRP (XRP) $ 2.36BNB (BNB) $ 642.58Solana (SOL) $ 167.21USDC (USDC) $ 0.999848Dogecoin (DOGE) $ 0.216478Cardano (ADA) $ 0.742567TRON (TRX) $ 0.272280Notifications
