According to CoinDesk, as the Federal Reserve held interest rates steady and signaled high uncertainty, risk-off sentiment rose in the cryptocurrency market, prompting continued outflows from BTC and altcoins into stablecoins such as USDT and USDC. BTC fell below $70,000 today, marking a cumulative decline of over 7% from this week’s high of approximately $76,000. Major tokens including ETH, SOL, and XRP also declined. BTC’s market share dropped from 59.4% to 58.7%. Among stablecoins, USDT’s market share rose from 7% to 7.76%, while USDC increased from 3% to 3.35%, clearly indicating a strong trend of capital flowing toward dollar-denominated assets.
Fed policy uncertainty drives crypto funds to stablecoins as BTC falls below $70,000
TechFlowShare
Summary
Uncertainty around Fed policy has driven crypto funds into stablecoins as BTC price fell below $70,000, dropping over 7% from its weekly high of $76,000. Altcoins to watch—ETH, SOL, XRP—all declined. BTC’s market share slipped to 58.7% from 59.4%, while USDT rose to 7.76% and USDC to 3.35%.
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