🚀Crypto world, brace yourselves! The expansion of the top three stablecoins, USDT, USDC, and DAI, has stalled since the Bitcoin halving. But don't fret, a potential soft U.S. CPI print on Wednesday may revive inflows into the market. 📈
🔍These dollar-pegged cryptocurrencies played a crucial role in the crypto bull market of Q1. However, their combined market value has been fluctuating between $149 billion and $150 billion for the past three weeks.
🎭Contrary to bullish tweets about a post-halving rally, crypto users have voted with their money by withdrawing or pausing inflows. But hey, every cloud has a silver lining!
🇨🇳China's plan to step up fiscal support to the economy may bode well for risk assets. The world's second-largest economy aims to sell one trillion yuan of debt through December, potentially injecting a wave of liquidity into markets.
💬What's your take on this? Will the U.S. CPI print and China's stimulus offer support to the crypto market? Let's discuss in the comments! #CryptoNews #Stablecoins #BitcoinHalving #USCPI #ChinaStimulus