A new report by Blockchain Analysis Company Cryptoquant, the next time the increase in circulating stablecoin supply Crypto para He argues that the market rally could be a significant driving force.
According to the latest Cryptoquant weekly crypto report, liquidity conditions in the crypto market measured by the total value of circulating stablecoins have significantly healed since the US Presidential elections. Analysts say that the liquidity, which historically increased through stablecoins, is linked to continuous increases in crypto currency prices.
“Historically, the liquidity, which has increased through stablecoins, is associated with continuous gains in crypto markets, Cry Cryptoquant analysts said.
The data obtained from the report show that the total market capitalization of stablecoins has recently reached 204 billion dollars, the highest level of all time. This means an increase of $ 37 billion since November 4, 2024, when Donald Trump won the US presidential elections.
Although Circle showed a renewed acceleration, the primary driving force of this growth was Tether’s USDT. Cryptoquant data shows that the USDT deposits in the central stock exchanges increased from $ 30.5 billion to $ 43 billion on November 4, 2024 and increased by 41 %.
“The total value of stablecoins is an important source of liquidity for trading in stock exchanges and its expansion is often associated with higher crypto prices,” the report said.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/bitcoin-ve-altcoinlerde-bir-sonraki-buyuk-rallinin-kaynagi-bu-olabilir/
