**Crypto Market Watch: Stablecoin Surge Could Fuel Bitcoin Rally**

Recent insights from 10x Research's Markus Thielen suggest a surge in stablecoin issuance might be the catalyst for Bitcoin's next big move. Last week, Tether and Circle issued nearly $2.8 billion in stablecoins, hinting at fresh capital from institutional investors entering the crypto market.

Thielen believes that continued stablecoin issuance could drive Bitcoin prices higher. Bitcoin has been fluctuating between $58,000 and $62,000 since August 9. While a lower Consumer Price Index (CPI) alone won't push Bitcoin past the $60,000-$61,000 resistance, strong stablecoin inflows could sustain a rally.

Tether's market cap hit a record $115.6 billion, with Circle's USDC circulation growing to $34.5 billion. Thielen notes that these inflows, especially from regulated entities like Circle, could be U.S. institutions seizing market opportunities.

Without additional macroeconomic changes or policy shifts, Bitcoin's short-term trading might remain tepid. However, stablecoin activity could be the key to breaking this trend.