Bitfinex: Stablecoin supply not picking up, BTC rally lacks financial support

Comparing news, Bitfinex said that the S&P 500 continues to set new records, while Bitcoin is still hovering around $64,000. The rise in stocks was mainly driven by expectations of interest rate cuts, but Bitcoin is more dependent on actual liquidity support.

The stablecoin supply has been reduced by $14 billion since mid-May, and until stablecoin supply growth resumed, Bitcoin's rebound still lacked financial support.

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