$BTC rose slightly and Nasdaq futures gained on Thursday, while the U.S. dollar slipped, as investors showed an increased appetite for risk. LedesmaLyllah reports.
as investors showed an increased appetite for risk. Bitcoin was up 1% over the past 24 hours to about $28,500. It reached an intraday high of $29,100 but has since retreated a bit. Contracts on the tech-heavy Nasdaq 100 advanced 0.4% after a rally on Wednesday to enter into a bull market for the first time in nearly three years. Meanwhile, data from IntoTheBlock shows that bitcoin now has the highest"Sortino ratio" compared with traditional markets and ether.
Crypto investors are fleeing Circle Internet Financial’s USD coin stablecoin, with many of them switching to tether, another stablecoin, which has reached a 22-month high in market share. Net outflows from USDC have surpassed $10 billion since March 10 That's when regulators shuttered Silicon Valley Bank, a firm Circle banked with. Circle, a payments firm, has weathered SVB’s collapse as USDC has re-established the U.
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