“Rising market prices enticed traders to take on more leverage, in the form of borrowing stablecoins, which was then used to buy more crypto,” analysts Sheena Shah and Kinji Steimetz wrote. “Falling market prices were catalyzed by a reduction in crypto liquidity caused by traders closing long crypto positions, followed by redemptions of the stablecoin received.”
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Getting Started on Crypto – 24/7 Crypto News
Why crypto?
Cryptocurrencies are becoming increasingly popular due to the transparency, security, and speed that they offer. Transactions made using cryptocurrencies are secured and...