Bitcoin Falls Below $60K While Stablecoin Volumes Surge 72% Last Week, Signaling Industry Decoupling

According to Bloomberg, Bitcoin fell below $60,000 last week amid a $235 billion market value decline, yet the crypto industry's core business infrastructure continued accelerating growth. Stablecoin transaction volume surged 72% to $33 trillion in 2025, with over $30 billion in assets now tokenized. BlackRock's tokenized money market fund BUIDL reached $2.4 billion in assets, while Visa and Mastercard expanded stablecoin settlement capabilities and Nasdaq partnered with Kraken to offer tokenized stocks.

Mike McGlone from Bloomberg Intelligence stated that stablecoins are the most important technology, as they eliminate the need for Bitcoin or XRP for value storage during a current market cleansing phase. Eric Jackson, founder of EMJ Capital, noted that Bitcoin's price chart is no longer the entire crypto narrative.