Traders once again prefer dollars over bitcoin. USDT, USDC dominance rises.
Traders are showing a renewed preference for dollars over bitcoin, as evidenced by the shifting dominance rates of various cryptocurrencies. Bitcoin's dominance has decreased while Tether's USDT and Circle's USDC have seen increases. This trend suggests a rotation back into dollar-linked assets amid expectations of prolonged elevated interest rates.
- ▪Bitcoin's dominance rate has pulled back to 60% from 61.20% since May 5.
- ▪The dominance rate for Tether's USDT increased from 7% to 7.5%, while USDC rose from 2.8% to 3%.
- ▪Higher interest rates make dollar-linked investments more attractive compared to assets like bitcoin, which offer no inherent yield.
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| Canonical URL | https://www.coindesk.com/daybook-us/2026/05/27/traders-once-again-prefer-dollars-over-bitcoin-usdt-usdc-dominance-rises |
| Publication time | Wed, 27 May 2026 11:34:41 +0000 |
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Crypto Daybook AmericasShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailTraders once again prefer dollars over bitcoin. USDT, USDC dominance rises.Your day-ahead look for May 27, 2026By Omkar Godbole|Edited by Sheldon Reback May 27, 2026, 11:34 a.m. 3 min readMake preferred on Tether CEO Paolo Ardoino (Nikhilesh De/CoinDesk)What to know: This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.A market dynamic that characterized the steep bitcoin BTC$75,892.91 and crypto market selloff early this year is making a comeback: Traders are again preferring dollars over the largest cryptocurrency.This is evident from trends in their respective dominance rates, a measure of a cryptocurrency's share in the total market value of the digital…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
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