Bitcoin to remain in consolidation as fiat-to-stablecoin conversions stay muted, analysts warn

CAT January 14, 2025 1 min read

Denis Omelchenko

Stablecoin minting data shows a slowdown in fiat-to-crypto on-ramps, with the Federal Reserve’s hawkish shift likely impacting market activity, Matrixport warns. Bitcoin (BTC) is likely to stay in consolidation as long as fiat-to-stablecoin conversions remain muted, according to Singapore-based digital…

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Bitcoin to remain in consolidation as fiat-to-stablecoin conversions stay muted, analysts warn

Tags: #bitcoin #blockchain #cryptocurrency #eth btc Ethereum

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