Rise Potential of Bitcoin Price If Stablecoin Issuance Increases!

Bittime - 10x Research revealed a potential Bitcoin price increase if Tether and Circle continue to increase stablecoin issuance. Read this article to find out more!

The Role of Fund Flows in Crypto Markets

According to 10x Research, the flow of funds in the cryptocurrency ecosystem is very important to monitor because it can be a driving or inhibiting factor in the price movements of Bitcoin and other crypto assets. 

Strong fund flows can push prices up, while stagnant fund flows can lead to price corrections.

Since the beginning of April 2024, the flow of funds in the crypto market has experienced quite significant stagnation. This contributed to the price decline that occurred at that time. 

However, a recovery in certain cash flows later helped drive prices higher as the market neared bottom. This shows how important it is to monitor the sustainability of the flow of funds.

Read Also: Bitcoin Predicted to Rebound If US Inflation Is Lower Than 3%

Influence Stablecoins against Bitcoin

Tether and Circle are the two largest stablecoin issuers in the world. Both of them has issued nearly $2.8 billion in stablecoins in the past week. The issuance of this stablecoin is an indicator that institutional investors are starting to put new funds into the crypto market.

If this trend of stablecoin issuance continues, Bitcoin may experience further upside. The crypto market, which is often influenced by new fund flows, may respond positively to this increase in liquidity.  

The Importance of Monitoring Fund Flow

10x Research emphasizes that monitoring the flow of funds in the crypto market is key to understanding market conditions. Traders and investors are often surprised by falling prices because they miss the critical signals provided by these cash flows. 

Conversely, a sustained increase in cash flows can push prices higher, but many also miss this indicator. As long as funds continue to flow into the crypto market, there is a high probability that the price of Bitcoin will continue to rise. 

Read Also: Russia Considers Using Stablecoins for International Payments

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.