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Bitcoin Holds Steady Above $23K, White House Urges Congress to ‘Step Up’ Crypto Regulation

Altszn.com by Altszn.com
January 27, 2023
in Bitcoin
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Bitcoin Holds Steady Above K, White House Urges Congress to ‘Step Up’ Crypto Regulation
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The SSR measures the ratio between the supplies of bitcoin and stablecoins. As stablecoins represent buying power, a reduction in the SSR implies that investors are sending stablecoins to exchanges, likely for the purpose of buying bitcoin. Since Jan. 11, the SSR has increased 32%. So while BTC’s price has risen, investors do not appear to be sending stablecoins to exchanges en masse to add to long positions.

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Read More: www.coindesk.com

Tags: 23KBitcoinBTCCongressCryptoHoldsHouseRegulationSteadyStepUrgesWhite
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    • bitcoinBitcoin (BTC) $ 106,669.00
    • ethereumEthereum (ETH) $ 2,604.64
    • tetherTether (USDT) $ 0.999939
    • xrpXRP (XRP) $ 2.21
    • bnbBNB (BNB) $ 654.15
    • solanaSolana (SOL) $ 155.47
    • usd-coinUSDC (USDC) $ 0.999786
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    • staked-etherLido Staked Ether (STETH) $ 2,603.70
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