Crypto News Bulletin from bitcoinist

Tuesday July 14, 2020 8:50 AM
10 hours 53 minutes ago

Bitcoin Can Attract Large Capital Inflows on Short Notice: Research

Bitcoin is at the cusp of attracting large capital inflows from the neighboring stablecoin market, according to a weekly research note published by Glassnode. The on-chain market analyst highlighted that the net supply of dollar-pegged tokens surged higher than Bitcoin. It concluded that more money held in stablecoins increases the chances for Bitcoin to start a new price rally on short notice. Bitcoin expects to attract a massive inflow of capital in a potential mass-migration […]