Data: Bitcoin's Market Value Grew More Than Stablecoins Since the Beginning of the Year
WikiBit 2023-12-18 17:49
Data: Bitcoin's Market Value Grew More Than Stablecoins Since the Beginning of the Year
Since the beginning of this year, the Stablecoin Supply Ratio (SSR) has surged from 2.36 on January 1st to 6.74 on December 14th. This indicates a significant increase in Bitcoin's market value compared to that of stablecoins.
SSR is calculated by dividing the market value of Bitcoin by the market value of major stablecoins. It serves as an indicator of the relative financial strength and purchasing power of stablecoins against Bitcoin. On December 8th, the SSR reached its peak for the year at 6.93.
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