In August, the U.S. stock market performed well, with the Nasdaq, Dow Jones, and S&P 500 pumping 4.1%, 2.0%, and 3.9% respectively. The cryptocurrency market performed poorly, with BTC falling by 10.25% and Ethereum falling by 23.66%. Many altcoins hit historic lows. However, the supply of Stable Coins pumped against the trend, rising to $148.4 billion, with USDT and USDC accounting for 78.7% and 17.4% market share respectively.
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In August, the U.S. stock market performed well, with the Nasdaq, Dow Jones, and S&P 500 pumping 4.1%, 2.0%, and 3.9% respectively. The cryptocurrency market performed poorly, with BTC falling by 10.25% and Ethereum falling by 23.66%. Many altcoins hit historic lows. However, the supply of Stable Coins pumped against the trend, rising to $148.4 billion, with USDT and USDC accounting for 78.7% and 17.4% market share respectively.