Bitcoin Price Struggles Amid Stablecoins Influence, Fiat USD, and Spot ETFs Performance

Bitcoin’s price fluctuations are currently influenced by multiple liquidity channels, prominently stablecoins, fiat USD, and spot ETFs. Stablecoin market cap has reached an all-time high, pointing towards extensive use in prior liquidity surges. Low fiat USD inflows and a negative Coinbase premium are contributing to Bitcoin’s lack of momentum. Discover the intricate factors influencing Bitcoin

Source: CoinOtag