#StablecoinSurge
Stablecoins act like the gasoline that fuels the crypto market, and the more supply there is, the greater the chances of strong market activity.
After Bitcoin dropped below $77,000, it rebounded and surged above $85,000, coinciding with an increase in the market capitalization of stablecoins, which reached over $205 billion in March.
These numbers are not a coincidence, as they reflect a flow of new liquidity into the market, as if investors are preparing for a new round of upward movement.
Since the U.S. elections in November, the market capitalization of stablecoins has increased by 28%, indicating that the market still has momentum. So are we on the brink of a new upward wave? The coming days will reveal the answer!
And what do you think, are we heading for a rise or are we still in a correction?
$BTC
