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Cryptopolitan 2024-01-31 19:35:22

Bitcoin gets stablecoin boost amid a massive spike in supply

Bitcoin has recently experienced a significant surge, reaching two-year highs, and intriguingly, this surge appears to be correlated with a rise in stablecoin “buying power.” Glassnode’s Stablecoin Supply Ratio (SSR) oscillator, a tool that measures the ratio between Bitcoin’s market capitalization and the combined value of stablecoins, serves as an insightful indicator of the supply/demand

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