The total stable coin market cap was ATH(All Time High) in Mar 2022. Now, it seems trying to reach a new ATH(All Time High) the end of this year. It represents the liquidity of the crypto market. USDT(Thether) dominates the total stable coin marketcap.
While the crypto total 2 market cap(except the BTC market cap) plunged, the increasing total stable coin market cap can affect a potential buy pressure in the future.
The recent sentiment of the crypto market is full of fearful. Me too.. I hope that there won't be a recession for the following months. If it occurs, it will be a Black Monday.
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Upvoted! Thank you for supporting witness @jswit.
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