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Four Signs That Bitcoin Has Recovered To 'Full' Bullish Momentum
Four Signs That Bitcoin Has Recovered To 'Full' Bullish Momentum
Authored by Nancy Lubale via CoinTelegraph.com,
Market analysts said Bitcoin’s (BTC) upside remained intact despite the 2.5% correction from its multi-month high of $82,800 reached on May 6.
Key takeaways:
Bitcoin has successfully re-entered expansion territory as the Bull Market Support Band turned to support.
Bitcoin’s Stablecoin Supply Ratio has recovered from historic lows, indicating fresh liquidity is returning.
Bitcoin’s spot taker CVD flips positive, suggesting real spot demand is back
Bitcoin’s price momentum is expanding
Private wealth manager Swissblock stated that Bitcoin is “still at full...
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Stablecoin Yields Won't Harm Banks, White House Economists Say
Stablecoin Yields Won't Harm Banks, White House Economists Say
Authored by Amin Haqshanas via CoinTelegraph.com,
A White House report found that banning yield on stablecoins would have a marginal impact on bank lending while creating clear economic downsides.
According to the Council of Economic Advisers, a three-member agency within the Executive Office of the President tasked to offer the president economic advice, moving funds from stablecoins back into bank deposits would not translate into significant new lending. Under its baseline scenario, total bank lending would increase by about $2.1 billion, roughly 0.02% of...
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