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Stablecoin market cap up $403M led by Ethereum despite ETH price drop and cooling derivatives market.

Market News
10 Oct 2026
AMBCrypto
View Source
Neutral
Stablecoin market cap up $403M led by Ethereum despite ETH price drop and cooling derivatives market.

Ethereum, Arbitrum One, and Base saw a combined $403.1 million increase in stablecoin market capitalization over the past week, signaling growth in stablecoin usage despite a bearish overall crypto market. However, Ethereum's price dropped 7.1% last week and its derivatives market shows signs of cooling with declining open interest, indicating cautious trader sentiment. The key question remains whether Ethereum's open interest will stabilize or continue to fall, which will reveal if traders regain confidence or stay cautious.

As of Oct 11, 2026 00:21 WIB, Ethereum trades on Pluang at Rp44.742.177 with a modest 1-day gain of 0.77%, contrasting with the article's note of a 7.1% price drop last week. The platform shows a strong buying interest with 74% of orders as buys and a typical hold time of 107 days, indicating steady investor engagement despite recent market caution. Ethereum's market cap on Pluang stands at Rp5.472,52 trillion, underscoring its significant presence in the crypto market.

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