Crypto Market Update:
Major stablecoins remained steady over the past 24 hours, with Tether (USDT) trading at $1.00 and recording a massive $69.4 billion in 24-hour volume. Its market capitalization stood at $187.02 billion, reflecting continued dominance in liquidity flows.
USD Coin (USDC) also held its dollar peg at $1.00, with a 24-hour volume of $9.8 billion and a market cap of $75.63 billion, posting a marginal 0.02% uptick.
Altcoin Highlights
Wrapped Ether (WETH) traded near $2,000, up 0.36%, with a market cap of $5.03 billion.
TRON (TRX) rose 0.03% to $0.285, maintaining a market cap of $26.96 billion.
Chainlink (LINK) gained 0.72% to $8.637, signaling moderate buying interest.
Cardano (ADA) outperformed peers with a 1.61% rise to $0.277, supported by strong trading activity of $334.62 million.
Aave (AAVE) declined 0.16% to $124.55, making it one of the few laggards in the session.
First Digital USD (FDUSD) remained stable at $0.999, reflecting steady peg maintenance.
Tether Gold (XAUT) traded near $5,000, up 0.56%, as gold-backed tokens mirrored gains in underlying bullion prices.
Market Snapshot
Stablecoins continue to dominate trading volumes, indicating cautious positioning among investors. Meanwhile, selective altcoin strength—particularly in Cardano and Chainlink—suggests rotation into mid-cap digital assets.
