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Thursday

13 May 2021

Biggest one day USDC print in history marks lowest Bitcoin dominance in years

Biggest one day USDC print in history marks lowest Bitcoin dominance in years


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The sudden arrival of $3 billion worth of USDC into the cryptocurrency market coincides with a surging altcoin market, evidenced by Bitcoin’s (BTC) descent to its lowest market cap dominance in two and a half years.

The value of USD Coin in circulation jumped from $11 billion to almost $14.4 billion on Friday, meaning USD Coin now has a market cap worth 28% of the most utilized stablecoin, Tether (USDT), of which over 50 billion are in circulation.

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Why Fiat Experts Don’t Get Bitcoin
published: 58 minutes ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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cointelegraph.com
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