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Coin Edition 2025-01-27 08:27:43

USDC Reserves Activated: Could This Be the Last Market Shakeout?

$250M in USDC reserves minted may signal the last crypto market shakeout before a potential rally. The Trump administration’s stance on stablecoins could reshape focus on major cryptos like BTC and ETH. Solana’s $250M USDC mint highlights bullish signals despite market volatility and network concerns . The USDC Treasury (read Circle) added roughly $250 million in new USDC stablecoins to circulation via the Solana (SOL) blockchain just a few hours ago. The move, which cost only $0.07 in fees, has brought added optimism to the digital asset space. Minting of new coins could be a bullish sign for investors. Traders can interpret such a large mint as preparation for significant market activity. This could include activities like buying crypto assets. In the past 24 hours, CoinMarketCap data shows that market leader Bitcoin (BTC) dropped below the $100,000 price level after an almost 5% price crash in the past 24 hours. The broader market also turned red. 250,000,000 #USDC (250,174,999 USD) minted at USDC Treasury https://t.co/Qbnp5FR3wn — Whale Alert (@whale_alert) January 27, 2025 This minting of 250 million USDC stablecoins hints that in… The post USDC Reserves Activated: Could This Be the Last Market Shakeout? appeared first on Coin Edition .

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