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Coinbase CEO Says Bitcoin Drop Doesn't Mean Crypto Decline as Derivatives, Stablecoins Rise

GateNews
Derivatives DataMarket AnalysisPrediction Market
BTC-0.13%
According to ChainCatcher, Coinbase CEO Brian Armstrong said on X platform that while Bitcoin fell below $60,000, derivatives, perpetual futures, stablecoins, and prediction markets continue to surge. Armstrong noted that many people equate Bitcoin's decline with the entire crypto market's decline, but cryptocurrency now spans multiple financial sectors with broader coverage than Bitcoin alone. He emphasized that this is one of many cycles the industry experiences.
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