According to a report by digital asset data company CCData, the total market value of stablecoins fell to US$130 billion in May, the lowest level since September 2021. This continuous decline began in March 2022. In addition, the trading volume of stablecoins fell sharply this month by 40.6%, and the trading volume of stablecoins on centralized exchanges was only 460 billion US dollars, which is the lowest monthly trading volume since December 2022.
Paolo Ardoino, Tether's chief technology officer, said the chances of a potential U.S. default were low because it would have "catastrophic" consequences for the U.S. economy.
BTC strategy analysis:
The BTC short-term 4-hour market fell again in the morning and fell below the 26,000-line integer mark. The lowest market pin fell back to the 25,850-line, and then the market rebounded. The current market is under pressure on the 26,500-line. The vertical form is positive K, and the short-term market shows signs of top-to-bottom transition at the 26500 line. The third line of the KDJ indicator is currently on the 23-axis golden cross upward, and the green hollow kinetic energy column of the MACD indicator is shrinking. In the short-term, we still pay attention to the 26500 line pressure. On the 24th, the K-line is a solid bald Yin K. On May 25, the K-line is currently showing a downward pin Yang K, and the K-line is in the form of a positive hammer. The third line of the KDJ indicator is currently running downwards, and the MACD indicator’s green entity kinetic energy column is heavy. Looking at the current K-line pattern, there are signs of bottoming out, and the short-term market also has an upward trend. It is recommended to focus on low and long
BTC:
27368--27160 Empty
25932--25658 more
ETH:
1900--1880 Empty
1780--1800
Paolo Ardoino, Tether's chief technology officer, said the chances of a potential U.S. default were low because it would have "catastrophic" consequences for the U.S. economy.
BTC strategy analysis:
The BTC short-term 4-hour market fell again in the morning and fell below the 26,000-line integer mark. The lowest market pin fell back to the 25,850-line, and then the market rebounded. The current market is under pressure on the 26,500-line. The vertical form is positive K, and the short-term market shows signs of top-to-bottom transition at the 26500 line. The third line of the KDJ indicator is currently on the 23-axis golden cross upward, and the green hollow kinetic energy column of the MACD indicator is shrinking. In the short-term, we still pay attention to the 26500 line pressure. On the 24th, the K-line is a solid bald Yin K. On May 25, the K-line is currently showing a downward pin Yang K, and the K-line is in the form of a positive hammer. The third line of the KDJ indicator is currently running downwards, and the MACD indicator’s green entity kinetic energy column is heavy. Looking at the current K-line pattern, there are signs of bottoming out, and the short-term market also has an upward trend. It is recommended to focus on low and long
BTC:
27368--27160 Empty
25932--25658 more
ETH:
1900--1880 Empty
1780--1800