Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,48 trillion. Bitcoin increased by nearly 5% to reach around $40,000. Ethereum is up by almost 4% to cement its price above $2,100. XRP lost almost 1% in value this week. Almost all altcoins are trading in the green, with some exceptions. The DeFi sector increased the total value of protocols (TVL) to around…
Stablecoins
A Guide to Stablecoin Depgging: Scenarios, Causes, and Consequences
Stablecoins have become an integral part of the cryptocurrency ecosystem by providing a stable store of value and a medium of exchange. These digital assets are designed to maintain a stable value by pegging them to a reserve of assets, such as a currency, commodity, or basket of assets. However, stablecoins can lose their peg under certain circumstances, leading to depegging. This guide will explore what stablecoin depegging is, why and when it happens, and the consequences of such events.…
Block Education
@BlockEducation
8 months ago 564 views