TechFlow News: On March 19, according to CoinDesk, as the U.S. Federal Reserve held interest rates steady and sent highly uncertain signals, risk-averse sentiment intensified across the cryptocurrency market. Capital continued flowing out of BTC and altcoins into stablecoins such as USDT and USDC.
BTC dropped below $70,000 today, falling over 7% from this week’s high of approximately $76,000. Major tokens including ETH, SOL, and XRP also declined simultaneously. BTC’s market capitalization share fell from 59.4% to 58.7%. Regarding stablecoins, USDT’s market cap share rose from 7% to 7.76%, while USDC’s increased from 3% to 3.35%, clearly indicating a trend of capital concentrating into dollar-pegged assets.
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