Stablecoin supply drops $2.19B ahead of Fed and BoJ rate decisions
- —Stablecoin market cap fell $2.19 billion in the week of Oct. 19–25
- —Ethereum USDT and USDC balances dropped $1.17 billion; Tron lost $495 million
- —DEX spot volume fell 12.21% to $44.09 billion; Hyperliquid volume down 8.5%
- —CME FedWatch: 89.5% odds of a hold on Oct. 28, 82.3% for a December hike
Why it matters: Shrinking stablecoin balances and trading volumes signal liquidity leaving the market, while hawkish Fed and BoJ signals could keep bitcoin under pressure below $80K.
Source: BeInCrypto KR