Tracking stablecoin supplies can reveal fascinating liquidity trends in the cryptocurrency market. As primary trading pairs, they reflect the pulse of capital flow. 2022 observed a riveting ebb and flow, where top stablecoins cap dipped early in the year, only to rise intriguingly in Q4. Tether (USDT) particularly experienced a soaring increase, hinting at possibly profound market shifts. This upturn coincides with Bitcoin's price movements, suggesting a correlation that could redefine our understanding of market liquidity’s role in crypto valuation. Uncover the underlying dynamics of this resurgence and its broader implications for the crypto ecosystem with CryptoSlate Alpha.
End-of-year stablecoin cap rally mirrors Bitcoin's price uptick
12/29/2023 21:10
The aggregate stablecoin supply saw a stong recovery in October and showed a correlation with Bitcoin's price uptick.
End-of-year stablecoin cap rally mirrors Bitcoin’s price uptick 54 seconds ago · 2 min read
The total stablecoin market cap saw a strong recovery in Q4, hinting at an infusion of liquidity into Bitcoin.
2 min read
Updated: December 29, 2023 at 2:06 pm
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