ទីផ្សារគ្រីបតូស្ថិតក្នុងដំណាក់កាលធ្លាក់ចុះ ខណៈដែលអត្រាមូលនិធិធ្លាក់ចុះ

The US regulators have been cracking down on the crypto space for a while. As a result, it becoming harder for companies to access USD to buy digital assets.

The total number of payment providers is shrinking in the United States and also stablecoins, which have been the foundation of crypto, have seen their dominance waning since the collapse of the crypto exchange FTX.

Considering the trading volume of the world’s largest cryptocurrency, the Dollar-denominated BTC has continued to drop. On the other hand, Euro and Tether-denominated Bitcoin pairs have been gaining traction since November 2022. In its report on Monday, March 6, blockchain analytics firm Kaiko រាយការណ៍:

The euro certainly presents an opportunity, but when looking at the market share of volume for USD-denominated pairs, we see a broader story emerge: that of the declining use of the dollar in crypto. Since the FTX collapse, USD market share has fallen consistently relative to USDT, USDC, and euro trading pairs.

Clara Medalie, director of research at Kaiko, said that the decline in USD after FTX’s collapse could be majorly linked to a drop in institutional trading activities. She added that institutional trading desks usually prefer settling their trades in dollars instead of stablecoins.

Stablecoins On the Rise in Crypto Market

In the past, traditional banking platforms have played a key role as a reliable on-and-off ramp between crypto platforms and hard currencies. But amid the FTX collapse, US banks have been cutting down their association with crypto firms.

Amid the recent downfall of crypto-focused bank ដើមទុនប្រាក់ហ្គេត, stablecoins are once again gaining traction among traders. In its report, Kaiko stated that the number of fiat trading pairs listed by exchanges has dropped since the rise of stablecoins. Last year in 2022, the total number of dollar-denominated trading pairs across all crypto exchanges dropped to 326 from 400 a year ago. On the other hand, the euro-denominated trading pairs jumped from 96 to 125.

Crypto Market Bearish Sentiment

After last week’s correction, the broader crypto market has entered consolidation. But on-chain data from CryptoQuant shows that the funding rates have been on a decline and the overall sentiment has remained largely bearish. CryptoQuant contributor caueconomy writes:

The funding rate of perpetual futures normally signals the current market bias, at which point traders build short positions. If we have more leverage building and bearish bets in this setup we could have a price recovery driven by cascading shorts liquidations.

ទីផ្សារភាគច្រើនធ្លាក់ចុះ ហើយកំពុងភ្នាល់លើការធ្លាក់ចុះបន្ថែមទៀត នេះបើយោងតាមអត្រាមូលនិធិ។

"ប្រសិនបើយើងមានការបង្កើនអានុភាពកាន់តែច្រើន និងការភ្នាល់ធ្លាក់ចុះនៅក្នុងការដំឡើងនេះ យើងអាចមានការងើបឡើងវិញនៃតម្លៃដែលជំរុញដោយការរំលាយខោខ្លី។"
by @caueconomy

តំណភ្ជាប់👇https://t.co/p3niSTaUd6

- CryptoQuant.com (@cryptoquant_com) ខែមីនា 7, 2023

Bhushan គឺជាអ្នកចូលចិត្ត FinTech និងមានការយល់ដឹងល្អអំពីទីផ្សារហិរញ្ញវត្ថុ។ ចំណាប់អារម្មណ៍របស់គាត់ចំពោះសេដ្ឋកិច្ចនិងហិរញ្ញវត្ថុទាក់ទាញការយកចិត្តទុកដាក់របស់គាត់ចំពោះទីផ្សារ blockchain Technology និង Cryptocurrency ដែលកំពុងរីកចម្រើនថ្មី។ គាត់កំពុងបន្តរៀនសូត្រហើយបន្តលើកទឹកចិត្តខ្លួនឯងដោយចែករំលែកចំណេះដឹងដែលគាត់ទទួលបាន។ ពេលទំនេរគាត់អានប្រលោមលោករឿងប្រឌិតបែបកំប្លែងហើយពេលខ្លះស្វែងយល់ពីជំនាញធ្វើម្ហូបរបស់គាត់។

ខ្លឹមសារដែលបានបង្ហាញអាចរាប់បញ្ចូលទាំងគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធនិងស្ថិតក្នុងស្ថានភាពទីផ្សារ។ ធ្វើការស្រាវជ្រាវទីផ្សាររបស់អ្នកមុនពេលវិនិយោគលើគ្រីបគ្រីប។ អ្នកនិពន្ធឬការបោះពុម្ពផ្សាយមិនទទួលខុសត្រូវចំពោះការបាត់បង់ហិរញ្ញវត្ថុផ្ទាល់ខ្លួនរបស់អ្នកទេ។