16
Stablecoin dominance vs. market cap
$USDC at $0.99977. The slight de-peg doesn't seem to have impacted overall market sentiment much, but I'm looking at the ratio of total stablecoin market cap to the entire crypto market cap. It seems to be holding steady, which suggests dry powder is still present. This could be bullish for the next leg up, or just a sign of caution.