Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis.
Bitcoin
Liquidation levels form an increasingly large cloud above BTC spot price as Bitcoin rests near $64,000.
One crypto analyst says Bitcoin has just undergone one of the “healthiest market resets” he has seen in a long time.
Key on-chain metrics suggest a higher baseline for Bitcoin price now that the halving is complete.
Bitcoin and altcoins continue to be rocked by macroeconomic and geopolitical uncertainty, but data shows bulls continue to buy each dip.
After enjoying record profits during Bitcoin’s recent halving, miners now face a sharp decline in hash prices.
Bitcoin has constant bull market backing in the ever-expanding fiat money supply, Arthur Hayes concluded.