Top 10 market cap: USDC claims the top spot in terms of decline, Top 100 market cap: MKR, FRAX perform poorly
Among the top ten cryptocurrencies by market capitalization in the cryptocurrency market, the stablecoin USDC surprisingly experienced the highest decline, standing at -8% at the time of writing, while Bitcoin and Ethereum showed an upward trend.
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Among the top 10 cryptocurrencies by market capitalization in the cryptocurrency market, the stablecoin USDC surprisingly has the highest decline, standing at -8% at the time of writing, while Bitcoin and Ethereum are showing an increase.
Furthermore, within the top 100 market capitalizations, MakerDAO governance token MKR, which holds a large amount of USDC reserves, plummeted by 15%; Fractional Reserve Algorithm stablecoin FXS, which also holds a significant amount of USDC reserves, experienced a sharp decline.
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