Stablecoin Surge Signals Rising Bitcoin Prices After U.S. Election š
Following Donald #Trump ās presidential win and the Federal Reserveās recent rate cut, stablecoin inflows into cryptocurrency exchanges have surged, with $9.3 billion in ERC-20 stablecoins moving onto platforms like Binance and Coinbase.
This influx is the second largest on record, raising expectations of a new Bitcoin bull run, as the asset nears an all-time high of $77,000. Investors anticipate Bitcoin may continue its #upward trend, supported by a spike in U.S. demand indicated by the Coinbase Premium Index and significant inflows into BlackRockās spot Bitcoin #ETF . Market analysts suggest Trumpās fiscal policies and crypto stance could play a crucial role in shaping this ānew crypto era.
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