Stablecoin Market Cap Explodes to $173 Billion — Is This Bearish for Bitcoin?

The total market capitalization of stablecoins has surged to $173 billion, a level not seen since May 2022. This significant increase in stablecoin demand could foreshadow a pullback in Bitcoin’s price as investors accumulate liquidity and await a favorable entry point. According to data from DefiLlama, the total market valuation of stablecoins rose by 0.48% The post Stablecoin Market Cap Explodes to $173 Billion — Is This Bearish for Bitcoin? appeared first on Coin Edition .

Source: Coin Edition