Matrixport released a chart claiming that the continued strength of stablecoin minting over the past 2-3 weeks has been a key driver for Bitcoin's rebound to 65,000.
While bitcoin spot ETFs have also seen inflows, stablecoins, the main fiat deposit channel for cryptocurrencies, appear to be the main driver. This trend suggests that institutional investors may be the main driver of bitcoin's rise.
We have also stressed many times in the past two weeks that this remains the most important factor, even more influential than macroeconomic and monetary policy.
Matrixport: Stablecoin Minting Drives Bitcoin Rise
2024-08-26 07:08:28
Matrixport release chart says past stablecoin minted volume sustained strongdesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Matrixport：稳定币铸造推动比特币上涨Next article：
每日外盘期货品种技术面汇总，其中现货黄金等6个品种有做多机会。
