Matrixport: Institutional Confidence Strengthens, Surge in Stablecoin Minting Boosts Bitcoin Bullish Momentum

ChainCatcher message, Matrixport released today's research report stating that recently, the minting volume of stablecoins has surged to the highest level since the peak in March-April, indicating that new fiat funds are flowing into the crypto market, which is a bullish signal. In February 2024, a similar surge in stablecoin issuance drove Bitcoin prices significantly higher.

If this minting momentum continues, Bitcoin prices are expected to rise further. It is worth noting that since the FOMC meeting on July 31, the pace of stablecoin minting has noticeably accelerated, reflecting an increase in institutional confidence in a low-interest-rate environment, which in turn has boosted optimistic sentiment in the crypto market.