- Circle minted another billion USDC on Solana today.
- It minted a total of 7.25 billion in the past month alone.
- This move ignites bullish sentiments for the crypto market this Q4.
The crypto community has been expecting a bullish reaction from the crypto market in Q4. This expectation is based on the fact that Bitcoin (BTC) closed September and Q3 in a bullish green, igniting expectations for a strong bullish market pump in Q4. As analyst expect both Bitcoin and altcoin prices to hit new ATH prices in Q4, Circle minted another bullion USDC on Solana today and 7.25 billion in the past month alone.
Circle Minted Another Billion USDC on Solana Today
Since the month of September and Q3 closed in a bullish state, expectations for the crypto market to increase in prices over Q4 have grown a lot stronger in a very short time. This paired with the fact that both BTC and ETH prices have been steadily increasing over the last couple of days further adds to the bullish narrative. Already, analysts are sharing bullish price predictions over how far BTC and ETH will pump in the final quarter.
Presently, price expectations for BTC and ETH to hit in the coming quarter lie between $140,000 and $145,000 for Bitcoin (BTC) and between $5,000 and $7,000 for Ethereum (ETH). Some even more bullish expectations place the possibility of the price of ETH hitting $165,000, while the higher targets for the price of ETH this altseason takes it as far as $12,000 and perhaps even $16,000, by the end of the year.
At the moment, despite these bullish expectations, the crypto community is a little vary over the possibility of these expectations being hit. This is because of several external factors that could threaten the stability of financial markets. These factors include political rallies, protests, and coups taking place in many parts of the world. The most recent concern coming from the US government closing down due to lack of clarity for the bi-party collective.
7.25 Billion USDC Was Minted on Solana This Past Month
Despite these rising concerns, the expectations for Bitcoin and altcoins to hit higher targets in Q4 remain strong, mostly due to bullish indicators within the crypto market alone. These factors include Bitcoin Dominance preparing to collapse and paving the way for altcoins to dominate, and several bullish price pump indicators being printed on various altcoin price charts, expected to be led by a bullish ETH rally.
Another bullish sign that a parabolic price pump is coming for the crypto market is the fact that Circle has been steadily minting more and more USDC on Solana. In detail, Circle minted 1 Billion USDC on Solana today and a total of 7.25 billion USDC on Solana over the past month alone. Responses to the post show that the community is in agreement over this move being a highly bullish one for the crypto market.