CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
BitcoinSistemi 2025-01-31 18:14:07

This Could Be the Source of the Next Big Rally in Bitcoin and Altcoins

A new report from blockchain analytics firm CryptoQuant suggests that the increasing supply of stablecoins in circulation could be a key driver of the next cryptocurrency market rally. According to the latest CryptoQuant Weekly Crypto report, liquidity conditions in the crypto market, as measured by the total value of stablecoins in circulation, have improved significantly since the U.S. presidential election. Analysts note that historically, increased liquidity via stablecoins has been linked to sustained increases in cryptocurrency prices. “Historically, increased liquidity through stablecoins has been associated with sustained gains in crypto markets,” CryptoQuant analysts wrote. Related News: Grayscale, the World's Largest Digital Asset Manager, Makes an Exciting Dogecoin (DOGE) Announcement Data from the report shows that the total market capitalization of stablecoins recently reached an all-time high of $204 billion. This is an increase of $37 billion since November 4, 2024, when Donald Trump won the US presidential election. The primary driver of this growth has been Tether’s USDT, although Circle’s USDC stablecoin has also shown renewed momentum. CryptoQuant data reveals that USDT deposits on centralized exchanges have surged 41%, from $30.5 billion on November 4, 2024, to $43 billion today. “The aggregate value of stablecoins is a significant source of liquidity for trading on exchanges, and its expansion is generally associated with higher crypto prices,” the report said. *This is not investment advice. Continue Reading: This Could Be the Source of the Next Big Rally in Bitcoin and Altcoins

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.