Matrixport released today's chart report, stablecoin 7 mint data shows that the flow of fiat currencies into the crypto market slowed significantly before the Christmas holiday, which may be related to the Federal Reserve's hawkish policy shift in mid-December.
Bitcoin and other cryptocurrencies are likely to continue to consolidate as the active level of fiat deposits into stablecoins continues to be low. While the holiday lull is over, stablecoin inflows have yet to pick up significantly. This indicator remains an important signal of changes in market demand, as the growth of stablecoin minting usually indicates an increase in demand in the cryptocurrency market.
At present, although stablecoin minting activity has picked up slightly, its sustainability is not yet clear. Only if this trend continues steadily will it be possible to push Bitcoin back into a bull market from the consolidation stage.
Matrixport: Stablecoin minting slows down, crypto market may continue to consolidate
2025-01-14 07:06:04
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