Stablecoin Growth Signals Incoming Bitcoin Rally
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With expanding stablecoin liquidity historically linked to price gains, another Bitcoin rally may be on the horizon because USDT and USDC market caps have been increasing.
Historical data has shown that growing stablecoin liquidity is associated with sustained gains in the crypto market. This means that bitcoin’s next rally could be around the corner because stablecoin liquidity is expanding.
According to a CryptoQuant report, liquidity impulse for Tether (USDT) and USD Coin (USDC) have begun to expand again, with the latter experiencing a growth pace not seen in a year.
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