Posted 2/3/2024, 10:24:00 PM
Stablecoins Rebound as Investors Eye Bitcoin Halving, Though Questions Linger Over Tether
- Stablecoin market capitalization recovering strongly, adding over $9 billion since October 2023
- Stablecoins are a "bridge" between traditional finance and crypto
- Tether leads stablecoin sector with $96B market cap, but some express regulatory concerns about USDT
- 84% of investors optimistic about Bitcoin's price during/after 2024 halving, predicting $30-60K+
- New Bitcoin ETFs taking in ~$700M in flows this week, underestimating their long-term impact