Bitcoin

Bitcoin continues its volatile movements in recent days with the news of spot Bitcoin ETFs approval and start of trading.
At this point, BTC, which rose above $ 48,000 last night, then fell back to the level of $ 45,000.
While BTC continues its sharp movements, CryptoQuant analyst said that there is a positive connection between the increase in stablecoin supply and the Bitcoin price.
Accordingly, the increase in stablecoin supply has a positive impact on the price by increasing Bitcoin market liquidity.
The analyst noted that as the supply of stablecoins increases, investors tend to use the resulting additional liquidity to purchase Bitcoin, and said that this behavior of investors increases the price of BTC.
The analyst, who also added a chart supporting this connection, wrote:
<blockquote>
 “The increase in stablecoin supply has a positive impact on prices by increasing Bitcoin market liquidity.
 Investors also tend to use this additional liquidity to purchase Bitcoin.
 This behavior of investors increases the demand for Bitcoin and supports the upward trend of prices.
 In fact, the increase in the total stablecoin supply reflects investor confidence and increases interest in Bitcoin.
 Investors are entering the cryptocurrency markets through stablecoins and often pouring this capital into Bitcoin.
 These trends of investors contribute to the rise of Bitcoin prices and strengthen the market dynamics.
 In summary, increasing stablecoin supply supports the Bitcoin market and positively affects prices.”
</blockquote>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/cryptoquant-analyst-when-this-data-rises-bitcoin-price-also-increases-heres-that-data/" rel="noopener noreferrer nofollow">CryptoQuant Analyst: "When This Data Rises, Bitcoin Price Also Increases!" Here's That Data!</a>

CryptoQuant Analyst: "When This Data Rises, Bitcoin Price Also Increases!" Here's That Data!

Bitcoin Sistemi EN

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