USDC Outshines Bitcoin Amid Market Fluctuations
- Bitcoin’s growth is hindered by renewed tariff threats, with its price near $104,000.
- USDC’s market cap grew by 21% to $53.12 billion in January, outperforming bitcoin’s 10% rise.
- Litecoin futures open interest on centralized exchanges reached 5.19 million LTC.
- The VIRTUAL token surged after being listed on Upbit, while HYPE token gained 3%.
USDC emerged as the standout performer in January with a significant market cap increase of 21%, surpassing bitcoin’s growth and reflecting compliance advantages under Europe’s MiCA regulations. Meanwhile, bitcoin faces challenges from external economic pressures.
Source (2.6)https://www.coindesk.com/daybook-us/2025/01/31/crypto-daybook-americas-usdc-takes-january-crown-as-bitcoin-looks-to-core-pce-data?rand=52298
