đđCryptoQuant Announced: This is the Key for Bitcoin to Rise Further! đđ
According to CryptoQuant, increasing the liquidity of stablecoins, especially USDT, is critical for the Bitcoin price to rise further.
According to the CryptoQuant Twitter post dated July 20, increasing the liquidity of stablecoins, especially Tether (USDT), is necessary for the price of Bitcoin (BTC) to rise further.
USDT's market value tends to grow, but this growth rate is almost 0%. This rate was around 6.6% when Bitcoin reached $70,000 in March. It is emphasized that the rapid increase in stablecoin liquidity is critical for the sustainable increase in Bitcoin price. CryptoQuant urges investors to take this into consideration, stating that current stablecoin liquidity levels are not sufficient for Bitcoin to rise. It is stated that the increase in stablecoin liquidity creates more purchasing power in the crypto market, and this supports the price of major crypto assets such as Bitcoin. It is important for investors to follow these developments closely and adjust their strategies accordingly.
The price at which Bitcoin is currently traded is $66,567.
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