1. PixelPlaygroundHome
  2. Metaverse Insights

BTC-USDC Transaction Pairs Reach $50000 and Return back to Normal

• Metaverse Insights • 101 views

BTC-USDC Transaction Pairs Reach $50000 and Return back to Normal

On March 13, it was reported that at about 7:15 today, the price of BTC-USDC transaction pairs on the money security platform suddenly reached $50000, and then returned to normal. At present, the transaction price of BTC-USDC is US $22621.71, up 9.64% in 24 hours. The USDC price is currently quoted at US $0.9918.

The BTC-USDC trading pair on the coin reached 50000 US dollars in a short time this morning

Analysis based on this information:


The message reports that the price of Bitcoin-USDC (BTC-USDC) transaction pairs spiked to $50000 on March 13 before returning to normal. The sudden increase in the trading price on the money security platform is intriguing as it is currently trading at around $22621.71. Furthermore, the report indicates a 9.64% increase in Bitcoin-USDC rate over the past 24 hours. At present, the USDC price is around $0.9918.

The spike in the BTC-USDC trading price could have resulted from whales or large financial institutions buying large amounts of Bitcoin with stablecoin USDC. This strategy helps investors to safeguard against market fluctuations and reduce their exposure to risk. This could also signify increased interest in cryptocurrencies from institutional investors as they continue to explore opportunities in the digital asset space.

Another possible reason for the sudden surge could be triggered by the headlines regarding the $1.9 trillion stimulus package announced by President Joe Biden that is expected to boost the US economy. The expectation that the stimulus package would increase inflation could have played a role in the sudden surge in Bitcoin-USDC trading pairs. Historically, Bitcoin and other cryptocurrencies have performed well as a hedge against inflation.

While the news of the Bitcoin-USDC price spike is exciting, investors must proceed with caution due to Bitcoin’s volatile nature. The value of cryptocurrencies can fluctuate greatly within a short period with some currencies losing their entire value overnight. Therefore, investors must take a long-term perspective and follow a sound investment strategy.

To sum up, the sudden spike in the BTC-USDC trading price on the money security platform could have resulted from various factors, including large purchases made by institutional investors or news of the stimulus package declared by the Biden administration. However, investors must exercise caution and stick to credible investment strategies to avoid potential losses.

Overall keywords: Bitcoin, cryptocurrency, price spike.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/7753/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/13/2023 01:27
Next 03/13/2023 01:47

Recommended articles