Altcoin marketwith an important branch of stablecoin marketFor the first time, the total value of the total value of 200 billion dollars broke the record. According to the data shared by Cryptoquant, this increase may be the beginning of a new wave of rise in the crypto currency market. Stablecoins, whose value is fixed to US dollars, are known for protecting investors from the risk of volatility while providing liquidity. Since November 2023, the stablecoin market has grown $ 37 billion. Experts, this liquidity increase is Bitcoin $104,282.9 And altcoinemphasizes that there is a positive signal for s.
USDT and USDC domination in the stablecoin market
Tether’s USDTIt continues the sector leadership with a market value of 139 billion dollars. Since November, USDT’s value has increased by 15 percent. USDT’s 30 -day liquidity change passed to the positive area again after a 2 percent contraction at the beginning of the year.
Circle USDC It ranks second with a market value of 52.5 billion dollars. The USDC has grown by 48 percent in the last six months and became the fastest rising stablecoin. The USDC’s 30 -day liquidity increase rate reached 20 percent. This ratio was recorded as the highest level of the last year.
Bitcoin and stablecoin liquidity relationship
Stablecoin liquidityThe growth in Bitcoin supports the value of the value. The largest crypto currency gained over 50 percent in the first quarter of 2024. In this period, the total crypto money market size rose from $ 2.2 trillion to $ 3.5 trillion.
Analysts say that the growth in the stablecoin market increases the “ready -made capital ın of investors. This capital creates the opportunity to purchase in market decreases and supports prices in rise trends. In particular, the increasing interest of corporate investors to stablecoins is radically changing market dynamics.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
