The massive demand came on a Saturday, when MoonPay’s fiat accounts were inaccessible due to the weekend with a public holiday on the following Monday for the swearing-in.
BTC looks heavy as critical sources of fiat liquidity begin to tighten, Trump administration goes slow on creation on strategic BTC reserve and charts point to weakening upward momentum.
Buying the taban after a massive liquidation flush and higher demand for stablecoin could fuel growth in bitcoin and the broader crypto market, some say.