“Stablecoins are the liquidity of the crypto ecosystem. The more liquidity, the more ability for investment and speculation,” Tom Dunleavy, macro analyst said in a note to CoinDesk. “The continued reduction, despite the growing number of applications, says to me we are still not out of the woods for this secular bear market.”
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Buy and Sell Shares in PRE-IPO Companies with PREIPO®. Access Here.
- Source: https://www.coindesk.com/markets/2023/05/24/stablecoin-market-shrinks-for-14th-straight-month-posing-potential-headwinds-for-crypto-prices/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
- :not
- a
- ability
- analyst
- and
- applications
- ARE
- Bear
- Bear Market
- Coindesk
- continued
- crypto
- Crypto ecosystem
- Crypto Prices
- Despite
- ecosystem
- For
- Growing
- headwinds
- HTTPS
- images
- in
- investment
- jpg
- Liquidity
- Macro
- Market
- Month
- more
- number
- of
- out
- plato
- Plato Data Intelligence
- PlatoData
- potential
- Prices
- reduction
- Said
- says
- speculation
- stablecoin
- Still
- straight
- The
- this
- to
- we
- Woods
- zephyrnet
More from CoinDesk
Genesis Global Trading Pays $8M to Settle New York Lawsuit
Source Node: 3062090
Time Stamp: Jan 12, 2024
Market Wrap: Bitcoin Falls Initially on US Jobs Report, Grinds Higher Later
Source Node: 1610112
Time Stamp: Aug 5, 2022
First Mover Americas: Bitcoin in Stasis Ahead of Powell Speech; Coinbase's cbETH Trades At Discount to Ether
Source Node: 1643646
Time Stamp: Aug 26, 2022
Axie Infinity Game Launches on Apple App Store In Key Markets
Source Node: 2657510
Time Stamp: May 17, 2023
First Mover Asia: Bitcoin Hovers Near $23K; Why AI Tokens Are on a Months-Long Tear
Source Node: 1947126
Time Stamp: Feb 8, 2023
When SRM Shot Up in Value, Sam Bankman-Fried Changed the Rules for His Workers, Michael Lewis Says
Source Node: 2915695
Time Stamp: Oct 3, 2023
Dogecoin Replaces Cardano as 6th Largest Cryptocurrency
Source Node: 1731587
Time Stamp: Oct 29, 2022
Australian Federal Police Forms Cryptocurrency Unit to Tackle Money Laundering, Offshoring: Report
Source Node: 1652387
Time Stamp: Sep 5, 2022
Kenya Central Bank Takes Ambivalent Stance on Digital Currency
Source Node: 2699379
Time Stamp: Jun 2, 2023
Crypto Exchange Huobi Denies Rumors It Will Merge With Poloniex
Source Node: 1761927
Time Stamp: Nov 25, 2022
Arbitrum Based Jimbos Protocol Scurries for Revival After $7M Exploit
Source Node: 2685097
Time Stamp: May 29, 2023
Sam Bankman-Fried’s Closest Friends Will Testify Against Him. Here’s Who Else We’ll Hear From
Source Node: 2913367
Time Stamp: Oct 2, 2023