Stablecoin supply surpasses $219 billion, signaling more investment to come in crypto market
From Cointelegraph
March 15, 2025 09:47:38 AM:
Analysts predict that the current crypto market correction is not the top of the bull cycle, as the stablecoin supply has surpassed $219 billion, indicating more investment to come. Historically, peaks in stablecoin supply align with crypto cycle tops. Despite Ether’s 52% decline, analysts anticipate potential investment, especially below $1,900.
Crypto market direction may be uncertain ahead of the FOMC meeting next week, influenced by macroeconomic factors. Traders are cautious as Bitcoin mirrors the S&P 500’s trajectory. All eyes are on the FOMC meeting for insights into U.S. monetary policy and potential interest rate adjustments, amid recent economic slowdown indicators.
Ahead of the March 19 FOMC meeting, markets predict a 98% chance of steady interest rates by the Fed. Despite short-term volatility potential, investors are optimistic for the rest of 2025, with predictions of a $6,000 cycle top for Ether and a $180,000 Bitcoin price. VanEck anticipates a positive outlook for the crypto market.
Read more at Cointelegraph: Rising $219B stablecoin supply signals mid-bull cycle, not market top