The total stablecoin supply has increased by 2.135 billion USD this past week, reaching a remarkable 236.6 billion USD. This rise indicates liquidity enhancements in the cryptocurrency market, ready to be utilized in risk assets, including Bitcoin.
Bitcoin’s price surged by 10% to 93,000 USD amidst strong bullish sentiment, with expectations to touch 100,000 USD. Notably, the altcoin market followed suit, experiencing a 16% increase, reflecting significant reliance on Bitcoin’s market movements.
Leave a Reply