The stablecoin market has soared past $200 billion, marking a new all-time high and fueling speculation about a potential cryptocurrency rally.
CryptoQuant’s latest data highlights a $37 billion surge in stablecoin liquidity since early November, a development analysts believe could drive Bitcoin and other digital assets higher.
Tether (USDT) and USD Coin (USDC) remain the dominant players in this expanding market. USDT’s market cap has climbed to $139 billion, reflecting a 15% increase, while USDC has grown by an impressive 48%, reaching $52.5 billion.
Recent liquidity shifts indicate renewed investor confidence, with USDT stabilizing and USDC experiencing its fastest expansion in a year.
This influx of stablecoin liquidity coincides with Bitcoin’s price surge of over 50% and a sharp rise in total crypto market capitalization, which jumped from $2.2 trillion to $3.5 trillion.
Analysts see this as a strong bullish signal, suggesting that rising institutional interest and fresh capital could pave the way for the next major crypto rally.
Pepe (PEPE) has been trending lower in the past few days and has underperformed some of its peers as investors seem to have been increasingly drawn to Solana-based tokens. The launch of the first Solana ETF in the United States along with key paperwork submissions for a Pudgy Penguins (PENGU) ETF has pushed PEPE temporarily […]
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