Factors indicate Bitcoin bull run is gaining momentum

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The growing stablecoin reserves is among the reasons listed by CryptoQuant.

Bitcoin’s price tumbled below $50,000 at the start of August and to under $53,000 at the beginning of September, which is historically a bad month for the asset.

However, it managed to bounce off, and certain factors provide a more optimistic perspective about the upcoming months in terms of price action for the largest digital asset.

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