Santiment: The decline in stablecoin market capitalization indicates that funds are flowing into gold and silver, rather than Bitcoin.

Crypto analytics platform Santiment points out that the total market capitalization of stablecoins has decreased by $2.24 billion in the past 10 days, potentially indicating that funds are flowing out of the crypto ecosystem or delaying market recovery. The firm analyzes that these funds appear to have shifted to traditional safe-haven assets such as gold and silver, driving their prices to new highs, while Bitcoin, the overall crypto market, and the market capitalization of stablecoins have seen a correction.