#BTC_Update

📊 Stablecoin capitalization hits new high in a week

Over the past 7 days, the figure has soared to $172 billion, which has not been seen since May 2022. At the same time, Tether still dominates with a 69.25% share and a capitalization of $119.6 billion.

💵 According to CoinMarketCap, USDT is the most traded cryptocurrency on the market with a huge trading volume of $51 billion. BTC and ETH are in 2nd and 3rd place with $27.5 billion and $14 billion.

According to experts, the growth in stablecoin capitalization indicates an increase in liquidity on crypto exchanges. This may serve as a signal that investors are waiting for a market correction to exit it.

💬 As a result, BTC may become cheaper before stablecoins are converted into BTC or altcoins.