Data: Bitcoin's Market Value Grew More Than Stablecoins Since the Beginning of the Year

WikiBit 2023-12-18 17:49

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.

Disclaimer：

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.