Officially, Wednesday, November 14th was the worst tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details day for cryptocurrency for the year. As the BTC dropped to record lows.
November 14: a bad day for many cryptocurrencies, but for the stable it is a development opportunity. On a day when the market is losing, any cryptoactive asset that can make a profit is welcome. And if this asset is stable for a long time, it will attract more attention to itself, its main task is to keep the price.
BTC price reached its lowest level since October 24, 2017, which led to a decrease in the rest of the market – the only winners were stable quotes. When the demand for these assets increased, their performance soared significantly.
Stablecoins receives a premium, as the BTC showed a record low.
At Binance, trueusd (TUSD) reached $ 1.07, and Paxos (PAX) does not lag $ 1.05. Two coins were in the biggest gains of all 158 assets at Binance, by almost 15 percent, while most of the market suffered deep double-digit losses. On November 14, TUSD became the sixth most popular on Binance with a volume of 2,650 BTC. There was a similar story on other cryptocurrency exchanges.
Editor: Yuliya Soroka