Medan Bitcoin och Ethereums dominans glider, Stablecoins börsvärden skördar frukterna

Under det förflutna 30 dagar, $285 billion has left the crypto economy and bitcoin’s USD value hit a 2022 låg kl $17,593 per enhet i juni 18. Dessutom, last month’s statistics show bitcoin’s market dominance was 2.9% higher and ethereum’s market dominance was 2.1% higher than it is today.

Bitcoin and Ethereum Dominance Has Dropped Over the Last Month

The crypto bear market has done some damage to the digital currency economy and many continue to wonder if the market carnage will continue. The market has seen a brief consolidation period after the most recent sell-off, which took BTC down to $17,593 per unit and ETH dipped to $877 per coin.

Both coins have seen a significant amount of fiat value removed since last month and BTC’s and ETH’s market dominance has decreased since then as well. Just då, BTC was trading for $28,946 per unit on Maj 27, 2022, och ETH was exchanging hands for $1,745 per enhet.

I skrivande stund, BTC is exchanging hands for just above $21K per unit, medan ETH is swapping for $1,221 per enhet. BTC dominated the $1.25 trillion crypto economy by 43.9% on that day and ETH had a dominance rating of 17.1%. 30 days later, data shows that BTC’s current dominance is 41%, medan ETH commands 15% av hela kryptoekonomin.

Tjudra, USD Coin, and BUSD Dominance Swells

The stablecoin tether (USDT) captures 6.94% of the digital currency economy’s net value and usd coin (USDC) commands 5.77%. Tether’s market cap has grown since last month as it was hovering around 5.72% at that time.

In mid-May, USDC’s market capitalization represented 3.77% of the crypto economy. The Binance-issued stablecoin BUSD equated to 1.43% of the crypto economy in terms of dominance, and today it’s 1.8%. Faktiskt, between USDT, USDC, and BUSD, the combined market capitalizations equate to 14.51%, which is just shy of ETH’s 14.7% dominansbetyg.

While BTC fick syn på $18.7 billion in global trade volume during the past 24 hours and ETH fick syn på $13.5 miljard, the combined $32.2 billion in trade volume is still eclipsed by USDT’s $48.58 billion during the last day. Out of all the 24-hour BTC trades, 60.62% of those bitcoin trades are paired with tether (USDT).

With lower dominance ratings for both BTC och ETH, it seems sellers gravitated towards stablecoins. This trend suggests that it is possible but not guaranteed that much of the stablecoin funds are people waiting on the sideline for ETH’s and BTC’s official bottoms.

What do you think about bitcoin’s and ethereum’s dominance ratings sliding during the last 30 dagar, while stablecoin market caps have swelled? Låt oss veta vad du tycker om detta ämne i kommentarsfältet nedan.

Jamie Redman

Jamie Redman är nyhetsledare på Bitcoin-Tidings.com News och en finansteknisk journalist som bor i Florida. Redman har varit en aktiv medlem i kryptovalutagemenskapen sedan dess 2011. Han har en passion för Bitcoin, öppen källkod, och decentraliserade applikationer. Sedan september 2015, Redman har skrivit mer än 5,000 artiklar för Bitcoin-Tidings.com Nyheter om de störande protokoll som dyker upp idag.

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