Stablecoin Growth Has Come to a Stand-Still as Crypto Markets Reach Pivotal Point

📊 With #crypto prices back on the rise, a good validation that this bounce may continue would be if #stablecoin marketcaps resume the growth they saw from mid-October to mid-April. During that stretch, the combined caps of $USDT, $USDC, $DAI, $BUSD, $USDP, and $TUSD soared by +25%, backing the rising trading volumes and investors' willingness to keep their funds in #cryptocurrencies instead of #liquidating.

But for the past 4 weeks, this growth in fiat-pegged crypto has flatlined. Pay attention to which direction these marketcaps go from here, as they will likely help foreshadow whether #Bitcoin pushes toward a new #AllTimeHigh or takes another lap below $60K.

Bookmark the link here to track this total stablecoin marketcap in real-time.

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