Investors are exiting risk assets in the crypto market, with stablecoins gaining demand over altcoins and Ethereum. The stablecoin market cap has shrunk by over $7 billion in 21 days, while $400 billion has left the crypto market overall. Notably, Tether's (USDT) market cap recently exceeded Ethereum's for the first time in nearly eight years, highlighting a shift toward liquidity and capital preservation amid bearish sentiment. This trend suggests 2026 may become a "stablecoin season," with investors prioritizing stability and utility over speculative gains.
Bitcoin maintained a steady dominance of 56% while trading around $62,367, reflecting a stable market amid modest gains in major cryptocurrencies like Ethereum. Select altcoins such as CC, ZEC, DOGE, and XLM posted notable 24-hour gains, indicating p...
Tether (USDT) briefly overtook Ethereum in market capitalization during a recent market sell-off, becoming the second-largest cryptocurrency. Bloomberg's Mike McGlone predicts that Bitcoin could face a severe crash down to $10,000 due to a looming ma...
Bitcoin and Ethereum prices fell steeply last week, with Bitcoin down 17.3% and Ethereum 22%, causing a $390 billion drop in total crypto market value. The decline is linked to minor Bitcoin sales by Strategy, a shift of investment towards AI stocks,...
Bitmine Immersion Technologies secured $280 million through a Series A preferred stock offering to fund expansion into Ethereum-related infrastructure, shifting focus from Bitcoin mining to GPU-based computing for Ethereum staking and services. Despi...
Bitcoin and Ether suffered their largest weekly declines since the 2022 FTX collapse, dropping 17.3% and 22% respectively, wiping out about $390 billion from the crypto market. The selloff was triggered by Strategy's bitcoin sale, heavy ETF outflows,...
