caueconomy
Capital flows back into the crypto marketđĽ
The amount of dollar (ERC20) stablecoins on exchanges started the year at around $18 billion, but this week reached $20 billion. This US$2 billion inflow highlighted the flow of capital entering the crypto market and is being reflected in the prices of altcoins currently. The frenzy surrounding Bitcoin spot ETFs is also expected to favor the inflow of capital into the ecosystem as a whole. The trend has been downward since the end of 2022 and remains unchanged in 2023. As early as 2024, we are seeing a trend reversal and this could mean greater risk appetite, which will eventually favor digital assets as a whole.