Many have written about an unprecedented surge of USD-backed stablecoins. However, only Tether seems to be issuing more.
USD/CAD bears catch a breath around 50% Fibonacci retracement level. A confluence of 100-day EMA, 61.8% Fibonacci retracement.
Since trading as low as $8,180 seven days ago, Bitcoin has mounted a strong recovery that brought it as high as $9,900 on.
On the other hand, the extreme left-hand tail risk that was palpable in March has been reduced by aggressive central bank and.
Tether, the oldest and largest stablecoin tied to the U.S dollar, has fallen below par value for the longest stretch since.
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