Crypto enters Fed and BoJ week with shrinking stablecoin supply as a warning
AI summary
Crypto is heading into a week with two central bank decisions, the Federal Reserve on October 28 and the Bank of Japan on October 30, with markets expecting both to hold rates steady. Traders are also pricing in December hikes at both banks, and trading is lighter while stablecoin supply is shrinking. The falling stablecoin supply is a warning sign because it suggests less sidelined capital available to buy crypto, keeping traders cautious ahead of the decisions.
