Binance recorded stablecoin deposits of 1.65 billion USD, a signal of potential renewed demand for cryptocurrencies. With Ether withdrawals nearing 1 billion USD, this indicates significant market movement, particularly following Bitcoin’s dip below 110,000 USD.
The inflow of stablecoins typically fuels trading activity, suggesting traders are preparing for purchases. Binance continues to dominate trading volume, handling over 29.5 billion USD in trades recently, showcasing its central role in the crypto market.
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