Crypto Gloom

MATRIXPORT: Stablecoin Inflow continues to set the step of increasing Bitcoin demand.

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According to Matrixport’s market analysis, the rapid growth of the stable coin observed in the fourth quarter of 2024 has slowed, but the overall trajectory remains the same, suggesting that the capital into the cryptocurrency market continues to flow into the cryptocurrency market.

MATRIXPORT: Stablecoin Inflow continues to set the step of increasing Bitcoin demand.

Cryptocurrency service provider MATRIXPORT has slowed the rapid growth of stable coins observed in the fourth quarter of 2024, but the overall upward trajectory remains the same, and the market analysis shows that the inflow of capital to the cryptocurrency market continues to increase.

The important thing was that there was no leak despite the change of regulations, such as the impact of the European micro framework on the USDT. As the inflow of stablecoin gradually increases, the demand for Bitcoin is also likely to increase potentially.

As of March 14, Stablecoins’ total supply has reached $ 21.9 billion and continues to increase. According to the historical trend, the supply of Staybles was generally the highest at the highest point during the market cycle, and in April 2022, the last $ 187 billion was recorded just before the market downturn. Considering the supply and continuous growth higher than the current supply, the market is still in the growth stage and suggests that it has not yet reached its peak.

Stablecoins is an important component in the Cryptocurrency ecosystem, which acts as a bridge between the currency currency and the cryptocurrency market and constitutes most cryptocurrency transaction pairs and fluidity. The increase in STABLECOIN supply can signal the preparation for trading and potential market activities by reflecting the wider market movement of assets as stable recons.

Bitcoin prices fluctuate more than $ 82K due to investorism and weakness.

At the time of writing, Bitcoin’s price is $ 82,826, down about 0.84% ​​over the last 24 hours. The highest price recorded during this period was $ 84,644, and the lowest price reached $ 82,361. According to CoinmarketCap data, Bitcoin has exceeded the threshold of $ 80,000 at $ 79,356 over last week.

Nevertheless, investors are cautious. KI YOUNG JU, Cryptoquant’s CEO, suggested that Bitcoin’s bull market may already be over and predicted price moving for six to 12 months.

KI Young Ju pointed out that all Bitcoin On Chain Metric is signing the bear market. “Because of the fresh liquidity drying, the new whale sells Bitcoin at a lower price,” he explained.

This analysis is increasing the determination between traders as the Bitcoin funding rate is close to 0%, which measures the cost of maintaining a long or short position in the future of cryptocurrency.

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About the author

Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.

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Alisa Davidson

Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.

More