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CNBC

Stablecoin surge signals growing volatility fear in crypto market

CNBC · Just In
CNBC
CNBC
Just In

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
Crypto