✔ VERIFIED First reported by CryptoSlate · Nov 7, 12:40 UTC · updated Nov 7, 12:46 UTC
Stablecoin contraction forces Bitcoin drop despite Fed reserve gains
Bank reserve balances rose $67.5 billion between Oct. 28 and Nov. 4, according to the Federal Reserve’s Nov. 5 release, but the more abundant dollar liquidity is not automatically bullish for…
Common to all reports: Stablecoin · Bitcoin · Fed
Confirmed by 2 sources
- CryptoSlate (crypto newsroom · US) · Nov 7, 12:40 UTC · read at the source
- Cryptonews.net (auto) (crypto newsroom · International) · Nov 7, 12:46 UTC · read at the source
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Tags: Regulation, Macro, Stablecoin, DeFi, Bitcoin, Markets, BTC
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