📈 Good news for crypto enthusiasts! According to Markus Thielen of 10x Research, the recent surge in stablecoin issuance could be the key to Bitcoin's next boom. 🚀
- Tether and Circle issued nearly $2.8 billion worth of stablecoins last week.
- This suggests that institutional investors are injecting fresh capital into the crypto market.
- If this trend continues, BTC could see further gains.
Bitcoin has been hovering between $58,000 and $62,000 since August 9. To break the $60,000-$61,000 resistance, a strong stablecoin inflow is needed.
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