Traders Choose Dollars Over Bitcoin Again: The Dominance of USDT and USDC

Recent trends in the cryptocurrency market show that investors are avoiding risks and seeking stable assets. As noted in CoinDesk's 'Daybook' newsletter, traders have once again begun to prefer stablecoins pegged to the US dollar over Bitcoin. This is reported by Coindesk.com .

Currently, the market dominance of leading stablecoins such as USDT and USDC has increased significantly. This situation is typically observed during periods of market uncertainty or expected price declines, as investors try to protect their capital from the volatility of cryptocurrencies.

According to economic analysts, fluctuations in Bitcoin prices and the global macroeconomic situation are prompting traders to be cautious. Decisions made by the Fed regarding interest rates and inflation indicators are also causing liquidity in the crypto market to shift toward stablecoins.

At the same time, the rise in USDT and USDC dominance may also indicate that purchasing power is accumulating on exchanges. Many traders prefer to keep their funds in digital dollars to buy Bitcoin or other altcoins at favorable prices.