Over the past 24 hours, the star cryptocurrency Bitcoin has plunged from its critical support level of $23,000. It is also his second day that Bitcoin is flashing negative markings. However, while the global cryptocurrency market capitalization remains above $1 trillion, it is several orders of magnitude below that level.
At the time of writing, Bitcoin is selling at $22,725 after falling 1.61% over the past 24 hours.
Meanwhile, renowned crypto analyst and Coin Bureau channel host Guy Turner wants one of the USD-pegged stablecoins to lead the crypto market. An analyst tells his 2.2 million subscribers that the second largest stablecoin, Circle’s USD Coin (USDC), will soon surpass Tether’s USDT.
USDC highlighting USDT
According to Guy Turner, USDC supply has surged significantly over the last few years. This is one of the reasons he believes USDC will become the dominant stablecoin in the next two years.
However, analysts have indicated concerns related to Circle’s USDC as it is backed by Goldman and affiliated with BlackRock. Turner then speaks of her USDC’s willingness to censor trades if asked. On the contrary, he believes that stablecoins depict healthy competition that drives better products. increase.
So the strategist claims this is why he believes Tether will emerge as one of the fully audited stablecoins and perfectly address funds. We are confident that Circle’s USDC will continue to chart its massive growth.
