Related: Michael Saylor’s Strategy buys Bitcoin dip with $1.9B purchase70% chance for crypto market to bottom by June: Nansen analystsNansen analysts predict a 70% chance that the crypto market will bottom in the next two months leading into June as the ongoing tariff-related negotiations progress and investor concerns are alleviated.“Once the toughest part of the negotiation is behind us, we see a cleaner opportunity for crypto and risk assets to finally mark a bottom,” Aurelie Barthere, principal research analyst at the Nansen crypto intelligence platform, told Cointelegraph.
Source: Cointelegraph Markets Pro“The apparent contradiction between surging stablecoin value on Avalanche and AVAX's significant price decline likely stems from how that stablecoin liquidity is being held,” according to Juan Pellicer, senior research analyst at IntoTheBlock crypto intelligence platform.
If these stablecoins aren't being used in lending, swapping, or other DeFi activities that would typically drive demand for AVAX (for gas, collateral, etc.), their presence alone wouldn't necessarily boost the AVAX price”The AVAX token’s downtrend comes during a wider crypto market correction, as investor sentiment is pressured by global uncertainty ahead of US President Donald Trump’s reciprocal import tariff announcement on April 2, a measure aimed at reducing the country’s estimated trade deficit of $1.2 trillion.
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Author / Journalist: Cointelegraph by Zoltan Vardai
The story "Avalanche stablecoins up 70% to $2.5B, AVAX demand lacks DeFi deployment" has 463 words across 15 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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