Bitcoin, Ethereum See $65M Outflows as Capital Shifts to USDT

Large outflows continued to hit Bitcoin (BTC) and Ethereum (ETH) over the past several hours, while capital rotated heavily into stablecoins—especially Tether (USDT)—and selectively into a handful of altcoins such as XRP (XRP) and Zcash (ZEC), underscoring a defensive, risk-managed posture across the crypto market.

Data compiled by Cryptometer as of May 18 at 02:55 a.m. UTC (10:55 p.m. ET on May 17) shows that, over the previous five hours, fiat inflows into crypto were led by the U.S. dollar at $7.5 million, followed by Brazil’s real at roughly $899,000 and Turkey’s lira at about $826,000….  Read more

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