Stablecoin Inflows and Bitcoin Resilience Support Crypto Market

Cumulative supply of top 3 stablecoins (USDT, USDC, DAI) has risen to $141.42B, highest since May 2022, indicating capital inflows into crypto

Bitcoin's price has stalled after hitting ATH of $73.5K on March 14, now trading around $66.3K

Stablecoin supply expansion shows continued demand for crypto assets and buffers bitcoin price falls

Bitcoin's MVRV Z-score suggests there is still plenty of upside left, not near overbought levels historially marking tops

Other indicators like declining probability of June Fed rate cut also contributed to Bitcoin's price stall from record highs