Matrixport Reports Increase In Fiat To Crypto Inflows
According to Odaily, Matrixport has observed a resurgence in the inflow of fiat currency into the cryptocurrency market. The platform noted that recent increases in daily minting data indicate this trend. Historically, such growth has often been a precursor to bullish market conditions, suggesting a shift of funds from traditional financial markets to the cryptocurrency sector. This change highlights a positive trend, especially considering the relatively subdued minting activity since mid-April.