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CryptoQuant: Stablecoin Growth Boosting Liquidity for Bitcoin Rally

Shawn

Summary: CryptoQuant Head of Research Julio Moreno highlighted that the growing stablecoin market capitalization plays a crucial role in supporting cryptocurrency price growth by providing essential liquidity to the market.  Data shows that USDT reserves on centralized exchanges have reached a record $22.5 billion in 2024. With stablecoin inflows continuing to increase, the outlook for Bitcoin’s ...

CryptoQuant Head of Research Julio Moreno highlighted that the growing stablecoin market capitalization plays a crucial role in supporting cryptocurrency price growth by providing essential liquidity to the market. 

Data shows that USDT reserves on centralized exchanges have reached a record $22.5 billion in 2024. With stablecoin inflows continuing to increase, the outlook for Bitcoin’s price rise remains optimistic.

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