Deep Tide TechFlow News: On March 19, according to CoinDesk, as the Federal Reserve maintained interest rates unchanged and sent highly uncertain signals, risk-off sentiment in the cryptocurrency market intensified, with funds continuously flowing out of BTC and altcoins into stablecoins represented by USDT and USDC.
BTC dropped below 70,000 dollars today, declining over 7% cumulatively from this week's high of approximately 76,000 dollars. Mainstream tokens such as ETH, SOL, and XRP fell in sync. BTC's market dominance also decreased from 59.4% to 58.7%. Regarding stablecoins, USDT's market share rose from 7% to 7.76%, and USDC rose from 3% to 3.35%, with a clear trend of funds concentrating in dollar equivalents.
Deep Tide TechFlow News: On March 19, according to CoinDesk, as the Federal Reserve maintained interest rates unchanged and sent highly uncertain signals, risk-off sentiment in the cryptocurrency market intensified, with funds continuously flowing out of BTC and altcoins into stablecoins represented by USDT and USDC.
BTC dropped below 70,000 dollars today, declining over 7% cumulatively from this week's high of approximately 76,000 dollars. Mainstream tokens such as ETH, SOL, and XRP fell in sync. BTC's market dominance also decreased from 59.4% to 58.7%. Regarding stablecoins, USDT's market share rose from 7% to 7.76%, and USDC rose from 3% to 3.35%, with a clear trend of funds concentrating in dollar equivalents.