Stablecoin market capitalization does not change significantly during market rally
By: Cointime
During the recent market uptrend, the total market value of stablecoins remained relatively stable, staying at $124 billion, failing to break the industry's level since early September. Analysts say that stablecoin supply is a lagging indicator, but the lack of stablecoin recovery may indicate that Bitcoin's bull market has not brought new liquidity to the cryptocurrency market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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