Tether USDt

USDC

BUSD

<ul><li>Market intelligence platform Santiment unveils a surge in stablecoin market capitalization, propelling Bitcoin to $30,000.</li><li>Strategic accumulation of stablecoins by influential investors anticipates sustained upward movement in the crypto market.</li><li>Stablecoins gain traction as integral components of the crypto ecosystem, offering stability amidst market turbulence.</li></ul>In a groundbreaking revelation, market intelligence platform Santiment disclosed a significant surge in the collective market capitalization of major stablecoins USDT, USDC, BUSD, DAI, TUSD, and USDP over the past week. This surge, bolstered by a surge in buying power, was pivotal in propelling Bitcoin to the $30,000 milestone.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/728c0ed1eef842119543183c152d5d46.png" />Substantial upward movements are anticipated as major players amass stablecoins, even in Bitcoin&#39;s stagnant performance. The surge in market capitalization of stablecoins has sent shockwaves through the crypto landscape, with USDT, USDC, and DAI leading the charge, surpassing earlier estimates. This influx of liquidity has provided Bitcoin with a much-needed boost, firmly anchoring it at the<a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow"> $30,000 mark</a>.However, the true harbinger of future surges lies in the strategic moves of crypto whales. As Bitcoin holds its ground, savvy investors are seizing the moment, accumulating stable assets in anticipation of prolonged upswings. These influential players, renowned for their ability to sway markets, are betting on the long-term potential of stablecoins, envisioning a surge that could surpass the recent meteoric gains.Read full article<a href="https://cryptotale.org/stablecoin-surge-boosts-bitcoin-to-30k-santiment-report-unveils-market-shift/" rel="noopener noreferrer nofollow"> at CryptoTale.</a>

Stablecoin Surge Boosts Bitcoin to $30K: Santiment Report Unveils Market Shift

CryptoTale

Other articles published on Oct 21, 2023

Crypto Opportunities Unfold Bitcoin Spark, XRP, and Solana Charting the Course to Growth

Introducing FARTCOIN (FRTC): Your ticket to luck and prosperity in the world of DeFi

MENA’s crypto market flourishes amid challenges of Shariah compliance | Opinion

Crypto traders can avoid leaving money on the table | Opinion

Battle of SEC vs LBRY Ends With the Latter Admitting Defeat

XRP Setara Rp95 Milyar Diduga Dicuri dari Crypto Exchange Filipina, Coins.ph

Join our free newsletter for daily crypto updates!