Bitcoin's slide to $67,000 is accelerating a shift into digital dollars

The crypto market is seeing a capital flight into dollar-linked stablecoins even as stocks and the Dollar Index remain calm. What to know : BTC's dominance rate has reversed the April spike amid the price sell-off to $67,000. At the same time, demand for dollar-pegged stablecoins has surged, with USDT and USDC's market shares rising to multi-month highs. This rotation into stablecoins echoes previous crypto sell-offs, but it contrasts with traditional markets, where U.S. stocks are near record highs and the dollar index remains rangebound.(Coindesk)