Recent data indicates that stablecoins, specifically USDT and USDC, are experiencing capital inflows, which might signal a positive trend for Bitcoin.
Market Caps of Top Stablecoins on the Rise
Santiment, an on-chain analytics firm, recently highlighted the growing market caps of USDT and USDC in a post on X. They’ve shared a chart illustrating the 30-day market cap variation of these leading stablecoins.
The chart clearly shows a sharp rise in USDC’s market cap over the past month, signifying a strong growth trajectory.
Conversely, USDT had seen a setback with its 30-day market cap change entering negative territory at the start of 2025. However, after hitting a low point of around -2%, it has bounced back, showing positive momentum.
Currently, both USDT and USDC are witnessing an upswing in market capitalization. Historically, when these fiat-pegged cryptos gain traction, it’s often an encouraging sign for Bitcoin and other dynamic cryptocurrencies.
The rationale here is that investors using stablecoins typically intend to diversify into riskier markets over time. As they convert USDT or USDC into Bitcoin, it can naturally boost Bitcoin’s price.
The market becomes most optimistic when both Bitcoin and stablecoins simultaneously grow in market cap, indicating a fresh influx of capital across the board. If one rises and the other falls, it simply means funds are being shuffled between them.
The latest influx into USDT and USDC has happened while Bitcoin’s price action remains stable, suggesting the new capital entering stablecoins has yet to impact Bitcoin directly. If it were otherwise, Bitcoin’s value would likely drop, pointing to mere capital shifts rather than fresh investments.
Typically, stablecoin users move their funds to centralized exchanges when they’re ready to purchase more volatile assets. Monitoring the volume of stable deposits there can inform us of whether significant buying is underway.
According to a CryptoQuant Quicktake by an analyst, these deposits appear to be stable for now.
A chart shows that this indicator is currently flat. A rise, as observed before, could propel Bitcoin’s price upwards significantly.
Bitcoin’s Current Market Value
As of the latest update, Bitcoin’s price hovers around $104,800, showing a modest 1% decline over the past week.
