Crypto markets brace for Fed and BoJ meetings with shrinking stablecoin supply

Crypto markets entered a week featuring two major central bank decisions with lighter trading volumes and a declining stablecoin supply. Data from Oct 19-25 shows the total stablecoin market cap fell by $2.19 billion, with Ethereum's USDT and USDC balances dropping $1.17 billion. Tron lost $495 million in outflows. Trading on decentralized exchanges also cooled, with spot volume down 12.21% to $44.09 billion. Public companies continued accumulating assets, with Strive adding 6,182 BTC and BitMine adding 10,452 ETH. Markets now focus on Fed Chair Kevin Warsh and BoJ Governor Kazuo Ueda for guidance on December rate hikes, with Bitcoin trading below $80,000.