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Will crypto market dip as USDT exchange reserves decline?

The crypto market has faced sustained pressure in February, with prices struggling to build momentum amid declining stablecoin exchange reserves. Summary CryptoQuant reports USDT reserves fell from $60B to $51.1B in two months, reducing market liquidity. Daily trading volumes are modest and active on-chain wallets have been declining. Analysts are split: VanEck calls it orderly deleveraging, while others…

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Bitcoin price risks correction to $62,000 as volume weakens

Bitcoin price faces growing downside risks after rejecting major resistance near $69,700. Weak bullish volume and loss of key support levels now raise the probability of a corrective move toward $62,000. Summary Rejection at $69,700 0.618 Fibonacci resistance confirms weakness Loss of Point of Control signals bearish short-term structure $62,000 support becomes next key downside…

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Circle paid $461 million in distribution costs from $733 million reserve income in Q4

Circle sent 63% of Q4 USDC reserve income to distributors, compressing margins. Summary Circle generated $733.4m in Q4 reserve income and paid $460.6m in distribution and transaction costs, leaving $272.8m net reserve income before operating expenses.​ USDC circulation hit $75.3b, up 72% YoY, with average USDC outstanding doubling to $76.2b and a 3.8% reserve return,…

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Circle stock price target slashed as bank labels it ‘Switzerland of stablecoins’

Circle stock price popped by over 35% on Wednesday, its best day since going public, after publishing stronger revenue and USDC stablecoin growth than expected. Summary Circle stock price soared after publishing strong financial results on Wednesday. Canaccord Genuity analysts maintained a bullish outlook for the stock. They slashed their CRCL stock target to $160,…

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