Bitcoin’s recovery from bearish territory is attributed to improved liquidity conditions and a notable rise in stablecoin reserves. The stablecoin market capitalization has reached unprecedented levels, suggesting a historical correlation with Bitcoin’s upward momentum.
USDT and USDC have shown significant increases in market capitalization, contributing to a bullish sentiment within the market. Analysts from Cryptoquant mentioned that strong stablecoin liquidity often signals imminent Bitcoin price appreciation.
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