Altcoins face significant decline as 8 billion USD vanishes – impact of stablecoin changes more pronounced

Altcoins have lost an astonishing 8 billion USD as Binance stablecoin trading volume fell below 150 billion USD. This highlights a noticeable shift in market confidence as traders prioritize stability.

BTC dominance has risen to 58.56% as investors pull back from risky altcoins amid market volatility. In contrast, USDC’s market share surged from 5% to 13.58%, while USDT’s share decreased to about 63%.

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