Bitfinex: $14 billion decrease in stablecoin supply, Bitcoin lacks funding support

Bitfinex stated that the S&P 500 index continues to hit new highs, with Bitcoin hovering around $64000. The rise in the stock market is based on the expectation that the cost of money will decrease, and Bitcoin needs funds itself. Since mid May, the supply of stablecoins has decreased by $14 billion. Before the supply of stablecoins turned to growth, the Bitcoin market lacked financial support.