A week later, the market value of stablecoins has risen along with the expectation of the Federal Reserve's interest rate cut. This is definitely a good thing. Compared with the decrease in the market value of USDT and USDC a week ago, the increase in market value shows that more investors are optimistic about the future trend of the currency market. Of course, this optimism is not very strong.
Judging from the USDT data, the market value increased by US$590 million in one week. This figure is not much in the past five months, especially considering that USDT is used in the currency market at most half, so the impact on the market may be relatively limited. However, USDT will have a greater impact on ALT (Tokens other than BTC and ETH), so more USDT may bring about new sector rotation.
Compared with USDT, USDC will have greater support for BTC, ETH and even #SOL, which are more popular among American investors. In the past week, we have seen that the BTC spot ETF has returned from net outflow to net inflow, which also represents the gradual recovery of investment confidence of American investors. The increase of $390 million in the past week is not much either. After all, the current rise and fall depends on the attitude of the Federal Reserve.
In addition, judging from the funds deposited in the exchanges, many friends have been saying that the copycat season has not arrived. This is not without reason. We can see that a large amount of USDT is deposited in the exchanges. From the overall trend, except for a buying wave from March to April, the amount of deposits has been increasing. More funds are still waiting for changes in form and are not in a hurry to exit.
The changes in USDC on the exchange are relatively normal, which also means that American investors' sentiment to buy BTC, ETH, etc. is higher than ALT.
In general, the increase in funds will help investors to be bullish on the future market, but it should be noted that the current price changes are still based on speculation about the Fed's interest rate cuts. Once the Fed has a clearer attitude, prices will also change accordingly.
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