Recent data shows that stablecoins USDT and USDC have been experiencing increasing capital inflows, which could be positive for Bitcoin. The market cap of USDC has experienced significant growth in the past 30 days, while USDT has seen a recent return to positive growth after starting the year with negative growth. Historically, growth in stablecoins has been bullish for Bitcoin as investors who hold stablecoins often plan to invest in volatile cryptocurrencies like BTC. The recent inflows into USDT and USDC suggest fresh capital entering the market, while BTC itself is not seeing direct inflows. The flat trajectory of stablecoin deposits on centralized exchanges may provide further support for a Bitcoin rally.
Content Editor ( newsbtc.com )
- 2025-02-01
Stablecoins See Positive Momentum: Will This Lead To New Bitcoin All-Time High?
