Zenix Launcher - News 📰 | Stablecoin Surge Signals Potential Rebound in Crypto Market
Stablecoin market cap is on the rise for the second straight month, indicating increased liquidity and purchasing power for investors. IntoTheBlock reports strong Bitcoin exchange net inflows of $860 million this week, the highest in nine months. However, historical trends suggest a possible price dip in the near future.
Whales remain confident in Bitcoin, accumulating 22,000 BTC during a recent price drop. This long-term outlook could mitigate short-term fluctuations. Ethereum experiences high fees and negative net issuance due to burning over 35,000 ETH in the past week.
Overall, the rising stablecoin market cap and whale activity in Bitcoin suggest a potential rebound in the crypto market.
