Coin Gabbar Token

<h2 id="header-0">Key Takeaways</h2><ul><li>While the recent rally of #bitcoin (BTC) is partly due to expectations of increased U.S. dollar liquidity, there are other factors contributing to the cryptocurrency&#39;s performance</li><li>In a report released last week, Morgan Stanley also said that the sudden fall of leading American Banks creates an opportunity for #cryptocurrencies</li></ul><h3 id="since-the-past-few-weeks-bitcoin-charts-are-undergoing-a-strong-positive-rally-inciting-a-positive-sentiment-in-the-entire-crypto-market">Since the past few weeks, #Bitcoin charts are undergoing a strong positive rally, inciting a positive sentiment in the entire crypto market.</h3><p>As per the experts, the main reason behind this Bitcoin rally is the increased liquidity in the American markets after the government’s proactivity to support the banking sector in the country.</p><p>Morgan Stanley has released a research report suggesting that while the recent rally of <a href="https://www.coingabbar.com/en/tag/bitcoin" rel="noopener noreferrer nofollow">Bitcoin (BTC) </a>is partly due to expectations of increased U.S. dollar liquidity, there are other factors contributing to the #cryptocurrency&#39;s performance. BTC has gained 69% year-to-date, but trading order book liquidity is reportedly at the lowest level in a year, which means that lower trading volumes can drive larger price movements. The report notes that traders on Binance are now responsible for setting the daily price of BTC with the exchange’s share of trading volume reaching 80%.</p><p>According to a recent report by Morgan Stanley, the issuance of Tether (USDT), the largest stablecoin, has increased by 10% over the past month and 16% year-to-date. However, this growth has not fully offset the reduction in other stablecoins such as Binance USD (BUSD) and USD Coin (USDC), which are also used to indicate the inflow or outflow of money from the #cryptocurrency ecosystem.</p><p>In a report released on 24th March, Morgan Stanley also said that the sudden fall of leading American Banks creates an opportunity for #cryptocurrencies. The report highlighted that investor trust has largely shifted towards <a href="https://www.coingabbar.com/en/crypto-blogs-details/what-are-stablecoins-and-how-do-they-function" rel="noopener noreferrer nofollow">stablecoins </a>due to the unstable conditions in traditional finance. This can be noted as the first time when traditional investors are migrating their assets to blockchain to ensure safety.</p><p><strong>Also, Read - <a href="https://www.coingabbar.com/en/crypto-currency-news/after-do-kwon-skorean-agencies-are-looking-for-daniel-shin" rel="noopener noreferrer nofollow">After Do Kwon, S.Korean Agencies Are Looking for Daniel Shin, Another LUNA Co-Founder</a></strong></p>

Morgan Stanley Report: Factors Driving Bitcoin Rally Beyond US Dollar Liquidity

Spis treści

Coingabbar

Inne artykuły opublikowane 28 mar 2023

Uniswap Price Prediction 2023-2030: Will UNI Price reach $11 Soon?

XRP’s Price Momentum Builds on the Back of Bitcoin Commodities Mention

Ethereum price analysis 28/3: Ethereum Held in Self-Custody Surges, Showing Hodlers’ Confidence

The Ark: Escape From Extinction

Coinbase Shares Fall as Exchange Prepares for Battle With SEC

F1 Williams Racing Forays Into Web3 With Exclusive Partnership With Kraken

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!