BREAKING
328d 19h ago

USDT Resilient Amidst MiCA Regulations: Stablecoin Growth Fuels Bitcoin Demand

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

According to a recent report from Matrixport, the growth trajectory of stablecoins has experienced a deceleration in the fourth quarter of 2024. However, the overall momentum remains robust, suggesting a sustained influx of capital into the cryptocurrency ecosystem. Notably, the introduction of the European MiCA regulatory framework has influenced USDT dynamics, yet it has not triggered significant fund withdrawals. This stability in stablecoin inflows is anticipated to correlate positively with Bitcoin’s adoption, potentially propelling its market price higher. Ongoing trends indicate that institutional and retail interest in digital assets is resilient, reinforcing the crypto sector’s enduring appeal amid regulatory shifts.

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