Bitcoin USD exchange rate fluctuates dramatically XBIT innovative stabilization mechanism draws attention
The international financial market is undergoing a historic test. As the Federal Reserve continues its interest rate hike cycle, the Bitcoin-USD exchange rate has experienced a sharp fluctuation of 14% within 72 hours. The new stabilization mechanism launched by XBIT (dex Exchange) is providing key liquidity support to the market.
Twitter : @XBITDEX
Under the combined influence of the Federal Reserve’s hawkish policy and geopolitical risks, the Bitcoin-USD exchange rate has become a barometer of global investor sentiment. The platform’s 2024 on-chain data showed that the volume of Bitcoin-USD swaps completed through the platform in the second week of October reached US$4.7 billion, accounting for 29% of the global DEX market. “When the volatility of the traditional foreign exchange market...