Cryptocurrency Market Turbulence: Investors Flee Bitcoin for Stablecoins

The cryptocurrency market continues to be affected by the Federal Reserve's decision not to raise interest rates, leading to a decline in Bitcoin's value.

According to recent data, the price of Bitcoin has decreased by 1% since midnight UTC, with other major tokens such as ether and solana also experiencing losses.

The shift away from Bitcoin is evident in its declining market dominance, which has fallen to 58.7% from 59.4% over the past three days.