$14.2 Billion Withdrawn From Crypto Market in Biggest Contraction Since 2022: All the Data
Key Highlights Combined supply of the two largest stablecoins, USDT and USDC, fell by approximately $11 billion. USDT’s market capitalization declined by $6.6 billion in the 60 days ending November 7. Stablecoin supply contraction may reduce available crypto buying power, but it does not alone determine Bitcoin or altcoin prices. Stablecoin Supply Contraction Reduces Available ...