Hello crypto fans! 😄 There is interesting news, the price of Bitcoin seems to be stagnant since the peak last March. I wonder why? Analysts from CryptoQuant said this happened because of tight US monetary policy which reduced the supply of stablecoins.

Since the Fed started raising interest rates earlier this year, the supply of stablecoins has begun to decline. But, don't worry! The analyst believes that Bitcoin could rise again if there is an increase in liquidity and stablecoin supply.

Meanwhile, the stablecoin market capitalization continues to rise, currently standing at $161 billion, or about 7% of the total crypto market. Tether still leads the market with a market share of almost 70%.

According to Circle CEO Jeremy Allaire, stablecoins could account for 10% of the “global money economy” in the next decade. Wow, cool huh?

What do you think? Come on, share your opinion in the comments column!#Bitcoin#Stablecoin #Crypto.