Odaily星球日报讯 加密领域 KOL @arndxt_xo 昨日于 X 平台发文表示：“我们基本上已经处于谷底了，市场情绪低落。BTC 的持有者应该感到高兴，因为今年仅有 42 个币种表现优于 BTC ，其中排名前 15 的币中有 10 个是 Meme 币。”

分析：今年仅42个币种表现优于BTC

Odaily Odaily News Crypto KOL @arndxt_xo posted on the X platform yesterday: &quot;We are basically at the bottom, and market sentiment is low. BTC holders should be happy because only 42 currencies have outperformed BTC this year, and 10 of the top 15 currencies are meme coins.&quot;

Analysis: Only 42 Cryptocurrencies Outperformed BTC This Year

Odaily reports that according to data disclosed on the X platform, as the Altcoin market continues to be sluggish, the market capitalization of Bitcoin has reached a new high, accounting for 58.47% of the total cryptocurrency market capitalization, the highest level since April 2021.

Data: Bitcoin's market capitalization accounted for 58.47%, and its dominance reached a three-year high

- The Federal Reserve has lowered interest rates by 0.5%.
- Market participants have mixed views on whether this larger-than-usual rate cut is good news.
It has finally happened: interest rates in the United States are declining.
Federal Reserve Chairman Jerome Powell announced on Wednesday that the nation's central bank will lower interest rates by 0.5%, putting them in the range of 4.75% to 5%.
Bitcoin rose 0.5 percentage points, reaching $60,500, while other major crypto assets such as Ethereum and Solana remained stable.
High interest rates make the cost of borrowing money higher and encourage investors to purchase risk-free government bonds to earn.

What does the Fed’s 0.5% rate cut mean for crypto assets?

The total supply of stablecoins backed by fiat currency has reached a historic high, with an average daily supply exceeding $168 billion, an increase of $40 billion over the past 12 months.

Author: Cuy Sheffield
Translator: TechFlow

Last week, we released the V2 version of the on-chain analytics dashboard from Visa and AlliumLabs.

Check out some key insights from the data, and view the full revised dashboard here. Since 2019, the seasonally adjusted annual growth rate of stablecoin transaction volume has averaged across market cycles.