Stablecoin Dominance Surges in Cryptocurrency Market

The crypto market has experienced a mixed trend recently, with Bitcoin and leading altcoins showing some signs of recovery. However, despite this modest bounce, stablecoin dominance continues to rise.

According to technical analyst MooninPapa, the market share of USDT and USDC is increasing rapidly, which could lead to increased pressure on altcoins if it reaches 13 percent.