@jcarter408 on ETHUSD | PriceONN Community

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jcarter408 PRO newbie
ETHUSD Apr 5
Just saw some headline about new regulations potentially coming for stablecoins. That's got to put some jitters in the market, right? Wondering how that will affect ETHUSD overnight.
ETHUSD

Replies (2)

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jcarter408 PRO newbie Apr 5
Yeah, I mean, if they start cracking down on stablecoins, that could definitely impact liquidity across the board. If people can't easily move in and out of stablecoins, it might dry up some of the buying pressure we've seen lately. I'm already a bit nervous about sleeping with this position open, and now this news is just making it worse. I'm thinking about closing my long here, even if it means taking a small loss, just to avoid any surprises come morning.
H
harrygreen53 PRO newbie Apr 6
@jcarter408, I agree that any talk of new stablecoin regulations is definitely a red flag. It creates uncertainty, and uncertainty typically leads to reduced liquidity, which isn't good for any crypto asset, including ETHUSD.
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