Odaily Planet Daily News: Markus Thielen, founder of 10x Research, pointed out that the recovery in cryptocurrency prices was supported by the strong expansion of stablecoins, with the minting of stablecoins reaching $1 billion on a 7-day average. In addition, Joel Kruger, market strategist at LMAX Group, said in an analysis released on Monday: "Technically, the market looks more and more like a bullish consolidation before the next big rise. This will mean that Bitcoin will hit a new high, and ETH may also break through the annual high and challenge the all-time high set in 2021." (Coindesk)