Matrixport: Fiat currency deposits rebound, indicating a bullish trend in the crypto market

Matrixport posted on the X platform that the inflow of fiat currency to cryptocurrency seems to be picking up again, as shown by the recent rise in daily minting data. Historically, such growth usually indicates a bullish market, indicating that funds are moving from traditional financial markets to cryptocurrency markets. This change shows a positive trend, especially against the backdrop of relatively flat minting activity since mid-April.