The latest chart released by Matrixport shows that with the recovery of bitcoin prices, the rate of stablecoin minting has also accelerated, indicating that fiat currencies are steadily flowing into the cryptocurrency market.
The 7-day mintage ratio is still volatile, but the current inflow has increased significantly compared to the weak period in the early summer of this year. This trend is a positive signal for the crypto market, meaning that as long as the stablecoin entry channel remains open, the bitcoin price is expected to continue to rise.
Matrixport: Bitcoin's recovery prompts a surge in stablecoins
2024-09-23 07:14:02
Matrixport release chart display along with bitcoin price rebounddesk3cryptocurrencydesktopCrypto News
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