The $9.3B stablecoin currency’s revenue has led traders to support higher Bitcoin prices

After Donald Trump's victory in the US presidential race and after the Federal Reserve cut by 25 basis points on November 7, stablecoin to cryptocurrency exchanges are seeing a significant increase.

ERC-20 stablecoins flood exchanges

In the year Following the results of the US presidential election on November 6, $9.3 billion worth of ERC-20 stablecoins were deposited into kriptovalyutnyh exchanges.

“This marks the second largest influx of ERC-20 stablecoins since its inception,” CryptoQuant said in a statement posted on X on November 7.

“If the current high flows start a similar upward trend, the cryptocurrency market may experience another bullish rally.”

Of the total $9.3 billion, Binance's share was approximately $4.3 billion and Coinbase held approximately $3.4 billion.

Historically, stable coins entering exchanges are preceded by large-scale price rallies. For example, before the 2021 bull run there was a steady flow of coins that occurred between September 2020 and February 2021.

Most recently, the stable coin revenue between January and early March of this year saw Bitcoin (BTC) prices hit previous all-time highs before the Bitcoin halving.

Related: How High Can Bitcoin Price Go Before Trump's Inauguration?

As traders become more conservative, Stablecoin will enter.

The crypto community believes that the outcome of the 2024 US election has ushered in a new era for the crypto market.

In a note to investors, QCP Capital expressed confidence that Bitcoin's positive momentum will continue as the market enters 2025.

Markets are now eagerly awaiting “Trump's proposed 60% tariffs on China and fiscal risks such as rising national debt,” QCP Capital added in a follow-up note.

“We expect BTC to carry a smaller risk premium compared to stocks, making it more attractive than other riskier assets.”

Meanwhile, the Coinbase Premium Index, which tracks the Bitcoin price differential between Coinbase and Binance, rose to 0.098 on November 6, the highest since April 14.

Reacting to this measure, the crypto community's Kobak said, “This shows an increase in demand for Bitcoin in the US, which has been fueled by the entry into space ETFs from giants like BlackRock.”

The index suggests that Bitcoin's bullish momentum may continue and lead to a sustained market rally.

“Now all eyes are on how Trump's position will shape the market!”

Meanwhile, US-based sports Bitcoin ETFs continue to see huge inflows, with more than $1.38 billion flowing into these investment products, according to data from Soso Value.

Of this, $1.1 billion in inflows went into BlackRock's Place Bitcoin ETF (IBIT), which turned into a positive recovery of $113.3 million after two consecutive days of total outflows. This is the largest amount of revenue since January.

Now, market participants expect more significant inflows in the coming days, along with Bitcoin price growth, as the market prepares for a new crypto era under the Trump presidency.

This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.