The stablecoin sector experienced notable growth of 2.693 billion USD, bringing the total market cap to 257.75 billion USD. USDT remains the leader with a market cap of 160.15 billion USD, while USDC saw impressive gains, further contributing to the stablecoin ecosystem’s expansion.
Bitcoin’s surge resulted in liquidations exceeding 1.09 billion USD in short positions in just 24 hours. Major exchanges like Bybit and HTX accounted for significant liquidation volumes, highlighting the ongoing volatility and the market’s bullish momentum.
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