Matrixport: Bitcoin is still in a range where stablecoin growth is almost stagnant and transaction volume is relatively low

Odaily News Matrixport said in its latest market analysis that Bitcoin has been in a challenging period of volatility and consolidation recently. Although it has rebounded in recent days, it is still in a range where stablecoin growth has almost stagnated and trading volume is relatively low. In the long run, this consolidation may be bullish if a sharp rebound is followed. Factors that have triggered the rebound recently include developments in US politics and the potential launch of an Ethereum spot ETF.