Analysis: Stablecoins Converted to Bitcoin Surge, Pushing BTC | LockMeta: Latest Crypto News

Analysis: Stablecoins Converted to Bitcoin Surge, Pushing BTC Above $30,000

#Bitcoin_News

According to data from blockchain analysis company Glassnode, there are many factors for Bitcoin’s recovery this year, and one of the main factors is that a large number of stablecoins are being converted to Bitcoin.

This can be seen in the depletion of stablecoins on exchanges, which are eventually converted into BTC, highlighted by…

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