Summary
- An analysis has emerged suggesting that the surge in stablecoin liquidity has increased the likelihood of a rally in the cryptocurrency market.
- The 30-day market capitalization of Tether (USDT) has turned to an upward trend, and USD Coin (USDC) has also seen a 20% surge in market cap.
- The increase in stablecoin liquidity tends to lead to a market rally.
An analysis has emerged suggesting that the surge in stablecoin liquidity has increased the likelihood of a rally in the cryptocurrency market.
On the 31st, the on-chain data analysis platform CryptoQuant stated, "The 30-day market capitalization of Tether (USDT) has recently returned to an upward trend. The market cap of USD Coin (USDC) has also surged by 20% compared to a year ago."
It added, "When the liquidity of stablecoins increases sharply, it tends to lead to a market rally."
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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