CNBC’s MacKenzie Sigalos reports the share of stablecoins in crypto’s total market cap has climbed to a two-year high, as investors seek shelter from volatility despite bitcoin’s rebound and renewed ETF inflows.
Breakdown
- Bitcoin and crypto equities are rebounding, with Bitcoin trading near $89,000. 12s
- Crypto-related stocks and digital asset treasury plays are recovering last week's losses. 18s
- A positive shift in spot Bitcoin ETF flows suggests institutional buyers may be returning. 38s
- Stablecoins now make up 9% of the crypto market cap, a two-year high. 1m 4s
- Analysts view the stablecoin surge as a bear market signal, indicating rising risk aversion. 1m 10s