According to CoinMeta, and as reported by Bitfinex, the supply of stablecoins has decreased by $14 billion since mid-May, leading to a lack of financial support for Bitcoin. Currently, the price of Bitcoin is hovering around $64,000, and the rise in the stock market is mainly based on expectations of reduced monetary costs. Bitcoin itself needs funds, and its market will continue to lack support until the supply of stablecoins begins to grow again.