Analysis: Surge in stablecoin and Bitcoin transactions could provide basis for BTC gains in coming weeks

CoinVoice has recently learned that according to CryptoQuant data, stablecoin liquidity continued to grow to a record high of $169 billion at the end of September, up 31% year-to-date (YTD). Tether's USDT still dominates, with its market value increasing by $28 billion to nearly $120 billion, accounting for 71% of the market share; and Circle's USDC, whose market value increased by $11 billion to $36 billion, up 44% year-to-date, accounting for 21% of the market share. The surge in record numbers of US dollar stablecoins and large Bitcoin transactions may lay the foundation for a broader rise in BTC in the coming weeks, keeping the asset's bullish seasonality intact in October. [Original link]