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via CoinDesk · By CoinDesk Staff

Bitcoin treasury firms outline $3 trillion opportunity in BTC-backed digital credit at Consensus

BTC

BTC/USDT

$65,475.07

+1.65%

$65,475.07

+1.65%

(24s)

24h Volume

$6,301,732,934.07

24h H/L

$65,502.60 / $64,293.81

Change: $1,208.79 (1.88%)

Long/Short

62.9%

Long: 62.9%Short: 37.1%

Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,235.75

▲ 1.34%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$67,334.82

Resistance 1$66,150.65

Price$65,235.75

Support 1$64,329.31

Support 2$62,975.21

Support 3$61,544.56

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):54.4

CoinDesk Staff

(12:25 PM UTC)

1 min read

Approved byEmily Watson

636 views

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Bitcoin-backed “digital credit” is scaling fast, with executives pointing to a $3 trillion long-term opportunity.

$3 trillion. That’s the scale of the opportunity bitcoin treasury executives see in digital credit, a fast-growing class of bitcoin-backed debt instruments designed to generate yield on bitcoin holdings.

The market has already grown to about $10 billion in less than a year…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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CoinDesk Staff · CoinDesk

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