Signs of Recovery in the Cryptocurrency Market: Predicted Increase in Fiat Inflows Suggests Bullish Trend
Publication Time:2024-07-22 18:31:11
Recently, Golden Finance reported that Matrixport's data revealed an increase in the amount of fiat currency being transferred to cryptocurrencies, which may reflect a positive sentiment in the market. Historically, such growth has often preceded an upward movement in the cryptocurrency market, especially after a relatively calm minting phase around mid-April. This change reflects the positive dynamics within the cryptocurrency market, indicating that funds are flowing from traditional financial channels into the crypto world.
Cryptocurrency Market
Traditional Financial Markets
increase in fiat inflows
bullish trend
minting activity