Money is leaving the crypto market — the supply of stablecoins, the dollars traders keep on exchanges, has shrunk by $14.2 billion in 30 days.

Money is leaving the crypto market — the supply of stablecoins, the dollars traders keep on exchanges, has shrunk by $14.2 billion in 30 days. That is the fastest drop since June 2022.

Bitcoin trades near $74,000, below the $75,600 average price paid by recent buyers. Only about 35% of their coins are in profit.