#StablecoinSurge
Stablecoins operate like the gasoline that fuels the crypto market, and the more supply there is, the greater the likelihood of strong activity in the market.
After Bitcoin dropped below $77,000, it rebounded and rose above $85,000, which coincides 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 new influx of 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%, which is an indicator that the market still has momentum. So, are we on the verge of a new upward wave? The coming days will reveal the answer!
And what do you think, are we heading for an upward movement or still continuing the correction?
$BTC
