The overall market capitalization of stablecoins fell for a 10th consecutive month in January to $137 billion, according to a report by research group CryptoCompare. Stablecoin dominance within the broad cryptocurrency market dropped to 12.4% from its all-time high of 16.5% in December, suggesting traders have been rotating from stablecoins into riskier assets, CryptoCompare said.
Related posts
-
Crypto Exchange Kraken Mulls Pulling Support for Top Stablecoin USDT in the EU: Report
The San Francisco-based crypto exchange Kraken is reportedly mulling whether to pull support for the stablecoin... -
SEC targets Ripple’s stablecoin; What to expect from Bitcoin & this new AI altcoin in May?
Disclosure: This article does not represent investment advice. The content and materials featured on this page... -
Nigeria Court Clears Binance Executive for Exchange Trial
In a significant legal development, a Nigerian court has determined that Binance executive Tigran Gambaryan can...