The stablecoin USDC has seen a remarkable 21% increase in market capitalization this month, reaching $53.12 billion, marking its best performance since May 2021. This growth outpaces both Bitcoin, which grew by 10%, and USDT, which only managed a 1% increase. USDC’s success is attributed to its compliance with Europe’s MiCA regulations, giving it an edge over competitors like USDT. Meanwhile, Litecoin’s perpetual futures open interest on centralized exchanges has climbed to 5.19 million LTC, the highest since December 9, suggesting new capital entering the market. The crypto market is also watching the upcoming U.S. core PCE data release, which could influence Bitcoin’s price action near $104,000. Despite these developments, the U.S. dollar might remain strong, potentially affecting crypto markets further.
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