Matrixport: Fiat deposits have rebounded, indicating a bullish trend in the crypto market
Matrixport said that the inflow of fiat to cryptocurrency appears to be back again, as evidenced by the recent rise in daily minting data.
Historically, this growth has often heralded a bullish market, indicating a shift in funds from traditional financial marekts to the cryptocurrency market.
This change shows a positive trend, especially against the backdrop of relatively flat coinage activity since mid-April.