🔼 The issuance of stablecoins could be the key to the next #Bitcoin rally, according to analysts at 10x Research.

Their observations indicate that over the past week, major issuers (Tether and Circle) have released stablecoins worth around $2.8 billion, signaling the influx of new capital into the market.

10x Research believes that Bitcoin "looks promising" if it can stay above $60,000, but without a stronger inflow of stablecoins, this growth may lose momentum.