Matrixport: Institutional confidence increases, and a surge in stablecoin minting boosts Bitcoin's bullish momentum
Golden Finance reported that Matrixport released a chart analysis saying that recently, the amount of stablecoin minting has climbed to the highest level since the peak in March-April, indicating that new fiat money is flowing into the crypto market, which is a bullish signal. In February 2024, a similar surge in stablecoin issuance drove a sharp rise in Bitcoin prices. If this minting momentum continues, Bitcoin prices are expected to rise further.
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