"Decline in Stablecoins Poses Risk for Bitcoin"

Decline in the Stablecoin Market

The total market value of leading stablecoins such as USDT and USDC has dropped to approximately $257.9 billion. The most noticeable decrease has been seen on the USDC side.

Investors' Preferences are Changing

This situation, where investors are converting liquidity from cryptocurrencies into traditional currencies, may weaken or slow down the price increases of Bitcoin and other tokens.