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Is a new rally brewing as Bitcoin reclaims $38K and stablecoins ‘flooding’ exchanges? – Cointelegraph

Stablecoin inflows into exchanges spiked right as the price of Bitcoin recovered above $38,000.

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The price of Bitcoin (BTC) has extended its recovery on Jan. 14, reclaiming the $38,000 level. What’s more, the weekly candle has now turned green for the fifth consecutive week despite the 28% crash earlier this week. 
BTC/USD Weekly candle chart (Bitstamp). Source: Tradingview
Meanwhile, stablecoin deposits are flooding into cryptocurrency exchanges, according to data from CryptoQuant. This inflow may act as a short-term catalyst for Bitcoin as it suggests that sidelined capital is moving back…

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