Key Points

Growing liquidity on the sidelines could fuel the next major market bull.
Today, Bitcoin is trading above $87,000, fueled by optimism and continued adoption.

The stablecoin market continues to grow, and with surging liquidity on the sidelines, it can become a trigger for the next bull run. Bitcoin kicked off the week above $87,000, following bullish weekend announcements and growing institutional adoption.

Stablecoins Market Surpassed $237 Billion

Data from CoinGecko shows that the current stablecoin market cap is above $237 billion, up by 0.2% in the past 24 hours.

USDT sits on the first position with over $143,4 billion in market cap and USDC follows next with more than $59.4 billion.

The global M2 has been also on the rise with projects to kick off a rally next month, which means that more capital will flow into the Bitcoin and crypto markets, especially since the Fed hinted at an upcoming QE in April.

Earlier today, Satoshi Act Fund’s CEO, Dennis Porter, shared a post on X, explaining why stablecoins are important.

Dollar-Backed Stablecoins Will Onboard Billions of People into the Digital World

On X, Porter said that stablecoins are the most important technology in the crypto industry besides Bitcoin. According to him, billions of people will have access to dollar-backed stablecoins which will board them into the digital world.

This is a massive win for Bitcoin because dollar users are the biggest buyers of BTC on the planet, Porter says. Using dollars, people can better plan for the future which includes savings like Bitcoin.

Stablecoins are the most important technology in the digital asset space outside of Bitcoin.

There really is no close runner up.

Soon billions of people will have access to dollar backed Stablecoins which will usher them into the digital world.

And this is great for Bitcoin.…

— Dennis Porter (@Dennis_Porter_) March 24, 2025

Regarding stablecoins, the US President, Donald Trump, recently said that he expects stablecoins official legislation on his desk by August.

His statements come right after the IMF acknowledged Bitcoin’s status as a store of value and an investment instrument.

Bitcoin – A New Type of Store of Value

Earlier, Porter also commented on the fact that people reported that the IMF said that Bitcoin is digital gold, pointing out that the financial agency did not use these exact words.

However, the IMF did say that Bitcoin can be seen as a store of value which can also be seen as digital gold. Physical gold has been used as a store of value throughout history and in the digital era, “digital gold” is a legitimate form to store wealth.

This comes after the latest reports from the White House recently stated that the US is considering selling its gold reserves to buy Bitcoin.

Amidst all these bullish events, Bitcoin began this week with a rally that took the coin’s price above $87,000.

Bitcoin Trades Above $87,000

At the moment of writing this article, BTC is trading above $87,000, up by more than 3% in the past 24 hours.

BTC debuted an ascendant trajectory from $84,000 levels on March 23, fueled by multiple factors.

Factors Fueling Bitcoin Price Rally

Here are the latest main factors that fuel the Bitcoin market with optimism:

Trump’s support for the industry, with the upcoming codification into law of his Executive Order regarding an SBR and Crypto Stockpile
Continued institutional interest mirrored by renewed inflows in BTC ETFs in the US
The latest FOMC meeting during which the Fed hinted at an upcoming QE in April, which will boost the US liquidity which means more capital flowing into BTC and crypto
IMF’s introduction of BTC and crypto in its official documents
White House’s plans to sell gold for more BTC purchases

Besides these factors, on March 23, Michael Saylor hinted at more BTC purchases by Strategy₿ via a post on X.

Needs more Orange. pic.twitter.com/BRyWs1ey80

— Michael Saylor⚡️ (@saylor) March 23, 2025

Also, last week, Strategy₿ announced that it upsized its upcoming $500 million deal from the STRF offering to over $722 million, meaning more BTC investments in the future.

Apart from all these factors, this is an important macroeconomic week in the US with more events expected, as the Greeks.live recently noted via X.

The most important events are: