Coin Edition -
- Santiment revealed that the collective stablecoin market cap surged during the past week.
- According to the post, the stablecoin market cap recorded its 2nd largest 2-day rise since June this year.
- Santiment attributed BTC’s rise above $30K to the increase in investors’ buying power.
The blockchain intelligence platform, Santiment, revealed in an X post that the combined market caps of stablecoins surged during the past week. According to the post, this increased buying power is what allowed Bitcoin (BTC) to rise above the $30K mark. Santiment predicted that BTC’s price could continue to rise as long as whales accumulate stablecoins.