USDC Leads Stablecoin Market Cap Growth in 2024, Surpassing USDT
The year 2024 witnessed a significant shift in the stablecoin landscape, with Circle's USD Coin (USDC) demonstrating a remarkable resurgence and outperforming its main competitor, Tether's USDT, in terms of market capitalization growth. This surge marks a significant milestone for USDC, which had f
Key data points
Previous close
64.28 B USD
Open
64.24 B USD
Day's range
64.2 B — 64.24 BUSD
About Market Cap USDC, $
Coin
USD coin is a stablecoin more known by its ticker, USDC. What makes it stable is that every coin is backed by, you guessed it, 1 US dollar. As such USDC might be a perfect investing opportunity for those who doesn't dare to dive right into the deep end of the crypto pool, but prefer to have something solid and, well, stable to keep afloat. To make your investment even more secure, you'd better use as much data on the coin as possible, and this is where we can help — we've calculated USDC market cap, that is its number of coins in circulation times their current price. The line's upward direction might indicate investors' confidence in the digital asset, while the line going down might be a red flag for traders. Still it's always up to you to do your own research.
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The Crypto Cycle Indicator is BROKEN!Last summer, as BTC tapped what I thought might be it's pre-halving high of about $31,000 USD, I used www.tradingview.com indicator to point out that we had tapped the trendline that generally indicates we are at or near a price high for the mini bull cycle inbetween halvings.
It was right... for
Alt Season Proxy IndicatorUse that formula: 1/((CRYPTOCAP:USDC+CRYPTOCAP:USDT)/CRYPTOCAP:TOTAL)
When prices go up: Alt season
When price goes down: Alt recession
Let's break it down: CRYPTOCAP:USDC: This represents the market capitalization of the US Dollar Coin (USDC) in the cryptocurrency market. CRYPTOCAP:USDT: Th
Crypto Bear Market Bottom Breakout ConfirmedThe total stablecoin market downtrend parabola was broken this week and backtested yesterday and wicked up to form a bullish retest candle.
Crypto bear market bottom is in. Expecting bitcoin to likely lead the charge as usual until we peak out on the BTC.D dominance chart pennant pattern, then al
Crypto long cycle indicatorI cannot take credit for this. I believe I saw this basic layout posted on Twitter by Will Clemente some time ago. I just re-created it myself so I could have the ability to watch in real time the larger crypto market cycles with this indicator.
It is the market cap of stable coins USDC and USDT ad
USDC & SVBIn the past 24 hours, the trading volume of the Bybit USDC/USDT perpetual contract pair exceeded an astonishing $380 million, and the annualized funding rate was as high as 740%
After Friday's stunning collapse of Silicon Valley Bank, questions swirled around the exposure of one of crypto's top fir
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Summarizing what the indicators are suggesting.
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Neutral
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Neutral
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Moving Averages
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Moving Averages
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Displays a symbol's price movements over previous years to identify recurring trends.