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#StablecoinSurge The increase in stablecoin supply indicates that the rise of cryptocurrencies is not over yet. Historical data indicates that peaks in stablecoin supply often coincide with market recovery periods. For example, the previous peak reached $187 billion in April 2022, before the market began to decline. With recent movements, it seems the market is still in a positive growth phase. After the price of Bitcoin fell below $77,000 during the week, the currency showed a clear recovery, surpassing $85,000 on Friday morning, according to data from the TradingView platform. Bitcoin is currently trading above $84,000, with a 1% increase over the past 24 hours. This rise coincided with a noticeable increase in the market capitalization of major stablecoins, such as USDT, USDC, BUSD, and DAI, which rose from around $204 billion to over $205 billion during the period from March 10 to March 14, according to Glassnode data. Stablecoins play a vital role in linking fiat currencies to cryptocurrency markets, and are primarily used in various trading pairs, enhancing market liquidity. An increase in the supply of these coins indicates a growing willingness from investors to enter new trades, suggesting the possibility of increased activity in the market in the coming weeks. In comparison, since the U.S. elections on November 5, 2024, the total market capitalization of five leading stablecoins has risen by more than 28%, reinforcing their role as a significant driver in igniting the bullish market movement. $USDC USDC 1 +0.01% BTCUSDT Perp 82,773.7 -1.65% #StablecoinSurge

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Help me claim this reward !! https://app.binance.com/uni-qr/386AWCBo?utm_medium=web_share_copy Play Share & Win ✌🏾🎁🎁🎁

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https://app.binance.com/uni-qr/V356g9VB?utm_medium=web_share_copy Claim it !

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