📉 Why is the cryptocurrency market 'falling'? Matrixport reveals the reasons
The purchasing power of the cryptocurrency market is declining, and the culprit is the liquidity shortage of stablecoins. Here is a brief summary of the report:
Stablecoins under pressure: The U.S. GENIUS Act may prohibit issuers from paying interest. The result? Investors are turning to tokenized money market funds. Capital outflow: Over the past month and a half, approximately $6.5 billion has been withdrawn from USDC. This is 'draining' market liquidity, causing it to lose growth momentum. Flight to 'safe-haven assets': Capital is not buying altcoins but flowing into gold and silver. Circle's new strategy: The USDC issuer is no longer pursuing market capitalization but betting on real applications in the payment sector.
Conclusion: In the long run, stablecoins will become stronger, but the market is currently in a 'hunger' state. Please adhere to risk management!🛡️
#Matrixport #Stablecoins #USDC #CryptoNews #Liquidity
