Record Stablecoin Liquidity, Spike in BTC Transactions Could Fuel Bitcoin Price Surge

Record Stablecoin Liquidity, Spike in BTC Transactions Could Fuel Bitcoin Price Surge

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Source: Coindesk.com

Stablecoin market capitalization has steadily reached $169 billion led by USDT and USDC, with the increase preceding price movements in past cycles. Historical data suggests a positive correlation between increased stablecoin balances on exchanges and rising Bitcoin prices, with a notable 146% increase in USDT on exchanges since January 2023. There has been a significant

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The post "Record Stablecoin Liquidity, Spike in BTC Transactions Could Fuel Bitcoin Price Surge" appeared first here Coindesk.com.

Source: Coindesk.com

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