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Stablecoin Market Shrinks for 14th Straight Month, Posing Potential Headwinds for Crypto Prices

The contraction of the stablecoin market suggests that the crypto market is still in its bear phase, macro analyst Tom Dunleavy said.

By Krisztian Sandor|Edited by James Rubin

Updated May 24, 2023, 10:25 p.m. Published May 24, 2023, 10:06 p.m.

Red arrows pointing down falling drop (Getty Images)