{"id":3121,"date":"2024-07-07T13:15:24","date_gmt":"2024-07-07T13:15:24","guid":{"rendered":"https:\/\/cryptd.in\/what-is-the-key-to-bitcoins-next-bull-rally-analysts-chip-in\/"},"modified":"2024-07-07T13:15:24","modified_gmt":"2024-07-07T13:15:24","slug":"what-is-the-key-to-bitcoins-next-bull-rally-analysts-chip-in","status":"publish","type":"post","link":"https:\/\/cryptd.in\/ja\/what-is-the-key-to-bitcoins-next-bull-rally-analysts-chip-in\/","title":{"rendered":"What is the Key to Bitcoin\u2019s Next Bull Rally? Analysts Chip In"},"content":{"rendered":"

Bitcoin\u2019s price has stagnated since its March peak due to tight U.S. monetary policy, which has reduced stablecoin supply, according to CryptoQuant analysts.<\/p>\n

\u201cThe reason for Bitcoin\u2019s inability to rally further is fundamentally due to the tightening monetary policy in the U.S. since March 2022,\u201d they reported on July 3.<\/p>\n

As a result, the overall stablecoin supply started to decline in early 2022 when the Federal Reserve started raising interest rates.<\/p>\n

Conditions for $BTC<\/a> to Rise: Stablecoin Liquidity<\/p>\n

\u201cThe bottom line is that in order for #\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3<\/a> to rally in earnest, we need to see an increase in stablecoin liquidity and circulating supply\u201d \u2013 By @MAC_D46035<\/a><\/p>\n

Read more https:\/\/t.co\/2XfjofHghh<\/a> pic.twitter.com\/uCNtzLvi2l<\/a><\/p>\n

\u2014 CryptoQuant.com (@cryptoquant_com) July 3, 2024<\/a><\/p>\n\n

US Monetary Policy Impact<\/h2>\n

Stablecoin supply started to climb again in late 2023, but rates have remained stubbornly high at over 5% for over a year.<\/p>\n

The analyst noted<\/a> that BTC has been rising due to an expectation of lower interest rates and fiscal policy bringing liquidity to markets.<\/p>\n

They concluded that an \u201cincrease in stablecoin liquidity and circulating supply through more accommodative monetary policy in the U.S.\u201d is necessary for Bitcoin to enter a bull market.<\/p>\n

Until then, Bitcoin may continue to trade sideways or correct, suggesting investors should adopt a long-term perspective.<\/p>\n

Lower interest rates mean that cash is less attractive as an investment and high-risk assets such as crypto or tech stocks become more attractive.<\/p>\n

The Fed is expected to lower interest rates in September, providing economic data remains positive.<\/p>\n

Bitcoin has oscillated between the high $50K level and the low $70K level for the past four months.<\/p>\n

Stablecoin Ecosystem Outlook<\/h2>\n

Stablecoin market capitalization has steadily increased over the past few months. It currently stands at $161 billion, representing around 7% of the total crypto market. This is less than half of what it was at its peak in 2022.<\/p>\n

Tether remains the market leader by a clear margin, with a market share of almost 70%. Moreover, the USDT supply is currently at an all-time high of $112 billion.<\/p>\n

Its closest competitor, Circle, has a market share of around 20% with a circulating supply of $32.5 billion. Maker\u2019s DAI is the third largest stablecoin with a $5 billion market cap and a share of just over 3%.<\/p>\n

In June, Circle CEO Jeremy Allaire predicted<\/a> that stablecoins could account for 10% of \u201cglobal economic money\u201d within the next decade or so.<\/p>\n

\u30dd\u30b9\u30c8 What is the Key to Bitcoin\u2019s Next Bull Rally? Analysts Chip In<\/a> \u306b\u521d\u767b\u5834\u3057\u305f\u3002 \u30af\u30ea\u30d7\u30c8\u30dd\u30c6\u30c8<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price has stagnated since its March peak due to tight U.S. monetary policy, which has reduced stablecoin supply, according to CryptoQuant analysts. \u201cThe reason for Bitcoin\u2019s inability to rally further is fundamentally due to the tightening monetary policy in the U.S. since March 2022,\u201d they reported on July 3. As a result, the overall stablecoin supply started to decline in early 2022 when the Federal Reserve started raising interest rates. Conditions for $BTC to Rise: Stablecoin Liquidity \u201cThe bottom line is that in order for #Bitcoin to rally in earnest, we need to see an increase in stablecoin liquidity and circulating supply\u201d \u2013 By @MAC_D46035 Read more https:\/\/t.co\/2XfjofHghh pic.twitter.com\/uCNtzLvi2l […]<\/p>\n","protected":false},"author":0,"featured_media":3122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25],"class_list":["post-3121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds","tag-bitcoin"],"yoast_head":"\nWhat is the Key to Bitcoin\u2019s Next Bull Rally? Analysts Chip In - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/ja\/what-is-the-key-to-bitcoins-next-bull-rally-analysts-chip-in\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is the Key to Bitcoin\u2019s Next Bull Rally? Analysts Chip In - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Bitcoin\u2019s price has stagnated since its March peak due to tight U.S. monetary policy, which has reduced stablecoin supply, according to CryptoQuant analysts. \u201cThe reason for Bitcoin\u2019s inability to rally further is fundamentally due to the tightening monetary policy in the U.S. since March 2022,\u201d they reported on July 3. As a result, the overall stablecoin supply started to decline in early 2022 when the Federal Reserve started raising interest rates. Conditions for $BTC to Rise: Stablecoin Liquidity \u201cThe bottom line is that in order for #Bitcoin to rally in earnest, we need to see an increase in stablecoin liquidity and circulating supply\u201d \u2013 By @MAC_D46035 Read more https:\/\/t.co\/2XfjofHghh pic.twitter.com\/uCNtzLvi2l […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/ja\/what-is-the-key-to-bitcoins-next-bull-rally-analysts-chip-in\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-07T13:15:24+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593\" \/>\n\t<meta name=\"twitter:data1\" content=\"2\u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/what-is-the-key-to-bitcoins-next-bull-rally-analysts-chip-in\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/what-is-the-key-to-bitcoins-next-bull-rally-analysts-chip-in\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"What is the Key to Bitcoin\u2019s Next Bull Rally? 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