- Stablecoin market capitalization fell to about $266 billion from roughly $280 billion in May, a decline of about $15 billion, according to the analysis.
- Stablecoin market capitalization moved largely sideways from October last year through May this year, indicating that new liquidity entering the market was either absent or insufficient.
- The decline in stablecoin market capitalization suggests even existing liquidity is leaving the cryptocurrency market, while weak Bitcoin demand is limiting the token’s rebound.
Forecast Trend Report by Period
The market capitalization of stablecoins, a key gauge of liquidity in the cryptocurrency market, has fallen by…
