Rising $219B stablecoin supply signals mid-bull cycle, not market top

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The current crypto market correction is merely the middle of the bull cycle, not the top, based on the steadily growing stablecoin supply, which may signal more incoming investment according to analysts.

The cumulative stablecoin supply has surpassed $219 billion, suggesting that the current cycle is still far from its top.

Source: IntoTheBlock

Historically, stablecoin supply peaks have aligned with crypto cycle tops, according to a March 14 X post by crypto intelligence platform IntoTheBlock, which wrote:

“In April 2022, supply hit $187B—just as the…



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Rising $219B stablecoin supply signals mid-bull cycle, not market top


The current crypto market correction is merely the middle of the bull cycle, not the top, based on the steadily growing stablecoin supply, which may signal more incoming investment according to analysts.

The cumulative stablecoin supply has surpassed $219 billion, suggesting that the current cycle is still far from its top.

Source: IntoTheBlock

Historically, stablecoin supply peaks have aligned with crypto cycle tops, according to a March 14 X post by crypto intelligence platform IntoTheBlock, which wrote:

“In April 2022, supply hit $187B—just as the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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