Data: Stablecoin's supply ratio is in lower data, indicating strong buying for Bitcoin.

07月
08
2020-7-8 19:44
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According to Zycrypto, stablecoins have been strong since last year and 2020. In May of this year, the total market capitalization of stablecoins exceeded $10 billion and has been growing further since when. Data from Glassnode shows that stablecoin cash buying has also risen further on the downside. The Stablecoin Supply Ratio (SSR) is simply a fixed income commodity for Bitcoin. It depends on the value of Bitcoin and the set of securities. When the SSR falls, fixed income securities get more buys than Bitcoin.

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2020-7-8 19:45

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