Matrixport: The rise in fiat currency deposits indicates a bullish trend in the crypto market
Matrixport stated that the inflow of fiat currency to cryptocurrency seems to be returning, as indicated by the recent rise in daily minting data. Historically, this growth usually signals a bullish market, indicating funds are shifting from traditional financial markets to cryptocurrency markets. This change shows a positive trend, especially against the backdrop of relatively flat minting activity since mid-April.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US-listed company Onfolio Holdings secures up to $300 million in funding to build a digital asset treasury
Onfolio Holdings raises $300 million to establish a digital asset treasury
Filecoin launches Onchain Cloud, offering verifiable, on-chain guaranteed cloud services
Ethereum Foundation proposes Ethereum Interop Layer solution to optimize L2 user experience
Trending news
MoreCrypto prices
More
