‘Investors Ready To Pounce’—Crypto Now Braced For A $140 Billion Earthquake After Terra Luna-Led Bitcoin, Ethereum, BNB, XRP, Solana, Cardano And Dogecoin Price Crash
— Bitcoin price could fall, Usdc relative, Market, Net growth, Also inched higher, Tether, 140 billion, Solana, Altcoins, Peers — 1 min read
Bitcoin BTC and cryptocurrency prices are struggling after crashing back in recent months following the collapse of the algorithmic stablecoin terraUSD and its support coin luna. Other top ten cryptocurrencies have also inched higher, adding more than $100 billion to the combined crypto market capitalization from its recent lows. Research shows there is $140 billion "ready to be deployed into bitcoin and altcoins" after the rapid growth of crypto’s four largest stablecoins by market cap have risen more than 20-fold over the last two years. DAIM analysts warn the bottom of the bitcoin and crypto market will come towards the end of this year, warning the price of bitcoin could fall as low,000 as $10,000 or $10. Source