The current stagnation of stablecoin supply is likely to hinder BTC’s bullish recovery. Investors highlight the importance of stablecoins in facilitating market liquidity and sustaining investment confidence, which are crucial for Bitcoin’s price momentum.
As the market awaits the U.S. Inflation report, there is a sense of caution among investors. The forthcoming data is expected to influence market sentiments significantly, prompting traders to closely monitor macroeconomic indicators that could affect BTC’s performance.