Odaily Planet Daily reports that the market capitalization of Tether’s stablecoin USDT has decreased by 0.8% this month to $183.61 billion, continuing a decline of about 1% in January. This marks the first consecutive two-month contraction since the Terra incident in 2022.
Analysis indicates that stablecoins are considered an important liquidity source in the crypto market, and their size changes are often seen as a barometer of capital inflows and outflows. The ongoing decline in USDT’s market cap may reflect market capital outflows, putting some pressure on Bitcoin and the overall market’s continued rebound.
Data shows that Bitcoin’s price, after stabilizing around $60,000 in early February, briefly rebounded above $70,000, but has since fallen back to around $65,000. Meanwhile, USDC’s market cap has recovered from its early-year lows but remains relatively flat for the year overall. (CoinDesk)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Michael Saylor: Bitcoin Won't Be Disrupted by AI, Will Be the Primary Beneficiary of Capital Flows
Gate News reported that on March 17, Strategy founder Michael Saylor stated that if AI compresses terminal value and makes all moats ephemeral, capital will flow toward assets that are not subject to disruption risk. He pointed out that Bitcoin is digital capital with scarce and neutral characteristics, unaffected by AI disruption. In this shift, BTC should be a major beneficiary.
GateNews5m ago
Bitcoin Breaks Through $75,000: Short Squeeze Triggers Rally, Derivatives Market Becomes Key Driver
Bitcoin broke through $75,000 on March 17th, primarily driven by the derivatives market. A large number of short position closures and hedging adjustments by market makers pushed prices higher. The market rally was mainly fueled by shorts exiting rather than new long positions entering. Overall cryptocurrency asset performance has warmed up, but the sustainability of the rally will depend on monitoring capital inflows.
GateNews6m ago
Short-term Bitcoin investors transferred over 37,500 BTC to CEX exchanges over the past 24 hours
Short-term Bitcoin investors have transferred over 37,500 BTC to exchanges in the past 24 hours, indicating increased selling pressure. This influx may reflect cautious sentiment or profit-taking after recent volatility, heightening the potential for short-term price fluctuations. Investors are closely monitoring on-chain data for trends.
TapChiBitcoin12m ago
U.K. Man Sues Estranged Wife Over Alleged $172M Bitcoin Theft via Home CCTV
The High Court of England and Wales has permitted a lawsuit alleging the theft of 2,323 bitcoin—currently valued at approximately $172 million—to proceed to trial, in a case that tests how traditional English property law applies to digital assets.
CryptopulseElite17m ago
Whale "pension-usdt.eth" Faces Over $10M Floating Loss on BTC and ETH 3x Leveraged Short Positions
Gate News bot message, whale address "pension-usdt.eth" currently holds 3x leveraged short positions in BTC and ETH with floating losses exceeding $10 million as prices rise.
The positions include 1,000 BTC valued at $75.64 million with a loss of $6.7 million, and 10,000 ETH valued at $23.6 millio
GateNews46m ago
