Traders are increasingly opting for US dollar-backed stablecoins like USDT and USDC over Bitcoin, as evidenced by the rising dominance of these stablecoins in the market. This trend highlights a shift in preference towards more stable digital assets amid market volatility. The growing dominance of USDT and USDC suggests that traders are seeking refuge in stablecoins to mitigate risks associated with Bitcoin's price fluctuations. This preference for stability comes as the cryptocurrency market experiences heightened uncertainty, prompting investors to prioritize capital preservation.