- Stablecoin deposits reach All-Times-Highs despite CPI volatility.
- FED chairman Jerome Powell mentions another interest rate hike of 50 bps.
- LTH SOPR rose, allowing long-term BTC holders to sell for profit.
According to blockchain analytics company CryptoQuant, the number of currency addresses depositing Stablecoins on derivative exchanges has reached a record high (ATH). This increase happened despite the consumer price index’s (CPI) volatility only rising by 0.1% last month. It hovered around 0.4% in September.
Highest Transactions Made By Coin Depositors"Recently, the number of coins addresses depositing stablecoins to all derivative exchanges has reached to new all time high."by @Woo_Minkyu Linkhttps://t.co/ML6Tt8AKrt pic.twitter.com/sFPDmB2ZQj— CryptoQuant.com (@cr ...
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