A recent surge of $3 billion in USDT and USDC signals a potential crypto comeback, as these stablecoins' supplies grow following a market downturn. This trend mirrors previous patterns before major bull runs, indicating renewed investor confidence.
Tether and Circle are key players, with Tether's market cap hitting a new high and Circle's USDC supply increasing significantly. This could be a sign of bullish sentiment in the crypto market.
This weekâs crypto downturn was partly due to whales making moves that spooked the market.
But hereâs the twist: they can also rebound prices, as seen with Bitcoin and Ethereum bouncing back!
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