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coinpedia 2023-06-01 07:30:17

On-Chain Data Shows Most Bitcoin Holders are Selling at a Loss

The post On-Chain Data Shows Most Bitcoin Holders are Selling at a Loss appeared first on Coinpedia Fintech News Amidst the backdrop of high global inflation, Bitcoin’s value has been plummeting, prompting crypto investors to seek refuge in stablecoins. Over the past three days, the price of Bitcoin has experienced a significant drop of over $10,000, settling at around $26.2k on Wednesday. Meanwhile, the demand for stablecoins, particularly Tether USDT, has continued to surge, …

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