Today news
About the same in other media
Though USDC regains market confidence, this area still concerns investors
Reading now: 976
ambcrypto.comCircle [USDC] experienced robust outflows in the last two weeks of March, which initially triggered a depeg. It eventually regained its dollar peg and has since then remained stable until press time. However, it continued to experience outflows, which have shrunk its market cap by a sizable margin so far. USDC’s market cap fell as low as $32.50 at the end of March.
Realistic or not, here’s USDC’s market cap in BTC’s terms
The last time USDC’s market cap was this low was in April 2022, hence it has fallen to an 18-month low. It is also not the only aspect of the stablecoin that has been negatively affected. According to Glassnode, USDC’s transaction volume has also been severely affected, falling to a nine-month low.
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
XRP price eyes 30% upside after key resistance area breaks cointelegraph.com /1 year ago
Investors Continue Buying Bitcoin, Latest Fund Flows Report Shows – Here’s Why BTC Could Dominate Institutional Crypto Demand cryptonews.com /1 year ago
Arbitrum FUD spooks the market, but on-chain data shows whales accumulating ARB cointelegraph.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
