- The overall stablecoin market cap has been dropping since November.
- There have been no unusual signs in stablecoin prices that suggest any major changes ahead.
- Whale and stakeholder actions have provided insights into the market’s direction.
As the market sentiment turns increasingly bearish, it’s worth keeping an eye on stablecoins and how they may impact the cryptocurrency market. Realistically, four potential scenarios could arise regarding the direction of Bitcoin and stablecoin market caps at any given time.
- Bitcoin market cap goes up; stablecoin market cap goes up.
- Bitcoin market cap goes up; stablecoin market cap goes down.
- Bitcoin market cap goes down; stablecoin market cap goes up.
- Bitcoin market cap goes down; stablecoin market cap goes down.
At the time of writing, the combined market cap of stablecoins has…
