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Stablecoin supply surges to $219 billion, suggesting we are in the middle of a bull run rather than at the top
{:en}Market analysts believe that the recent correction in the crypto market does not mean that the bull market cycle has ended, but is only a benign correction in the middle of the bull market. The key indicator supporting this view is that the total supply of stablecoins is steadily increasing. Stablecoins are the main entry point for fiat funds to enter the crypto ecosystem, and the increase in their supply usually means that investor interest is increasing and the speed of capital inflow is accelerating. Data shows that the current total supply of stablecoins has exceeded US$219 billion, a record high. This milestone data indicates that the crypto market may still be in the middle of a bull market. Historically,…
Stablecoin supply surges to $219 billion, suggesting we are in the middle of a bull run rather than at the top
{:en}Market analysts believe that the recent correction in the crypto market does not mean that the bull market cycle has ended, but is only a benign correction in the middle of the bull market. The key indicator supporting this view is that the total supply of stablecoins is steadily increasing. Stablecoins are the main entry point for fiat funds to enter the crypto ecosystem, and the increase in their supply usually means that investor interest is increasing and the speed of capital inflow is accelerating. Data shows that the current total supply of stablecoins has exceeded US$219 billion, a record high. This milestone data indicates that the crypto market may still be in the middle of a bull market. Historically,…
{:en}Market analysts believe that the recent correction in the crypto market does not mean that the bull market cycle has ended, but is only a benign correction in the middle of the bull market. The key indicator supporting this view is that the total supply of stablecoins is steadily increasing. Stablecoins are the main entry point for fiat funds to enter the crypto ecosystem, and the increase in their supply usually means that investor interest is increasing and the speed of capital inflow is accelerating. Data shows that the current total supply of stablecoins has exceeded US$219 billion, a record high. This milestone data indicates that the crypto market may still be in the middle of a bull market. Historically,…
Stablecoin supply surges to $219 billion, suggesting we are in the middle of a bull run rather than at the top
{:en}Market analysts believe that the recent correction in the crypto market does not mean that the bull market cycle has ended, but is only a benign correction in the middle of the bull market. The key indicator supporting this view is that the total supply of stablecoins is steadily increasing. Stablecoins are the main entry point for fiat funds to enter the crypto ecosystem, and the increase in their supply usually means that investor interest is increasing and the speed of capital inflow is accelerating. Data shows that the current total supply of stablecoins has exceeded US$219 billion, a record high. This milestone data indicates that the crypto market may still be in the middle of a bull market. Historically,…
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