Due to Price Decouple, BTC/FDUSD Hits $98K High!

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In the cryptocurrency market, on April 2, a notable phenomenon occurred related to a severe phase deviation of FDUSD. This was a special event that strongly affected the BTC/FDUSD trading pair, causing the Bitcoin (BTC) price in this pair to temporarily surge to $98,950.

This is merely a market update and should not be considered investment advice. Such fluctuations can attract significant attention from traders and investors in the cryptocurrency field, as they reflect the complexity and characteristic volatility of this market.

Particularly, when a stablecoin like FDUSD fails to maintain a relatively stable price compared to the US dollar, it highlights the challenges that the DeFi world must face. Investors need to be cautious and conduct thorough research before making financial decisions, especially in the current highly volatile environment.

BTC
0.77%
FDUSD
0.07%
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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