The current cryptographic market correction is just the middle of the bull -san, not the top based on the steady stable Starble coin supply.
The cumulative stabilization device has exceeded $ 21.9 billion, suggesting that the current cycle is still far from the top.
source: INTOTHEBLOCK
Historically, according to the March 14 x POST of Crypto Intelligence Platform Intotheblock, Stablecoin support peaks wrote:
“In April 2022, supply was 187B. It’s now $ 219B and it still rises, and we still suggest that there is a possibility of intermediate cycle. ”
Since Stablecoins is a major investor from Fiat to the world of encryption, increasing stability to cryptographic exchanges can increase purchasing pressure and increase investor appetite.
Nevertheless, ETH prices have fallen more than 52% in the last three months after reaching more than $ 4,100 on December 16, 2024, and analysts have been another reduction of less than $ 1,900, which is a “powerful” demand area that can bring more investments to the world’s largest cryptocurrency.
relevant: Bitcoin requires more than $ 81K every week to avoid disadvantages than FOMC.
Crypto Market will be less than the FOMC meeting: Analysts: Analysts
Despite the increase in the stablecoin supply, the Crypto Market may continue to lack the direction before the FEDERAL Open Market Committe (FOMC) meeting next week.
According to Stella Zlatareva, a dispatch editor at Nexo Digital Asset Investment Platform, the next week’s FOMC meeting can be decisive in the encryption market affected by the development of the macro economy.
Zlatareva told Cointelewraph as follows:
“Bitcoin’s movements, which reflect the orbit of S & P 500, emphasize the cautious atmosphere of the market while waiting for the major economic data for the trader to the major economic data on the direction of US retail sales and FOMC meetings.”
“All gaze begins at the FOMC meeting on the next Wednesday and expects insights in US monetary policy and potential interest rate adjustments, especially pointed out that the US PPI and initial unemployment claims have decreased,” she added.
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According to the latest estimation of the CME Group’s Fedwatch tool, the after -March 19 -predicted FOMC meeting is scheduled for March 19, then ahead of the FOMC meeting. The market is currently pricing with a 98%chance that the Fed can keep interest rates.
Source: cme group fedwatch equipment
Despite the potential of short -term volatility, investors are optimistic about the rest of the 2025. Vaneck predicted a $ 6,000 cycle in 2025 for Ether prices.
https://www.youtube.com/watch?v=1iyxu9w47to
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