Why is the stablecoin market shrinking? What does this mean for the universe of crypto? A recent report by JPMorgan notes the important role that stablecoins play in crypto. They indicate that crypto itself has just begun to recover from crypto winter and that that recovery will not be complete until the total market cap of all stablecoins reverses course and corrects to its prior value or goes higher.
Successful long term investors look beyond current market fluctuations. They invest in stocks that have long term intrinsic value based on strong fundamentals. In this regard, we are looking at Australian mining stocks as long term investments.
On the other hand, the Bitcoin market is known for self-promotion with the characteristics of pump and dump schemes as well as rampant wash trading. What is really going on in the Bitcoin market and what are the risks of low liquidity Bitcoin trading?
Bitcoin and the rest of the crypto world have had a difficult time as crypto winter settled in and shows little sign of turning into a crypto spring. The main problem for Bitcoin, as well as the stock market, is that inflation hit a forty year high and the Federal Reserve has been raising interest rates and is not yet done