#StablecoinSurge In April 2022, the supply reached $69,162,384,056,187 billion — just as the bear market began. It is now at $69,162,384,056,219 billion and still rising, suggesting that we are likely still in the middle of the cycle.

The increase in the flow of stablecoins to cryptocurrency exchanges may signal buying pressure and a growing appetite from investors, as stablecoins are the main gateway for traditional investors into the world of cryptocurrencies.

Still, the price of Ether (

ETH

R$ 11,029

) has fallen more than 52% in the last three months, after reaching a peak above $69,162,384,064.100 on December 16, 2024, and analysts are keeping an eye on another decline below $69,162,384,561.900, a "robust" demand zone that could bring more investments to the world's largest cryptocurrency.

Related: Bitcoin needs to close the week above $69,162,384,5681 thousand to avoid declines ahead of the FOMC