According to ChainCatcher news reported by CoinDesk, Tether's market capitalization has reached 184 billion dollars, with its market dominance recently rising to the highest level since April, reflecting the strong risk aversion sentiment in the overall Crypto Assets market.
The current crypto market continues to be under pressure, with Bitcoin falling 11% this month to $97,000, as investors are transferring funds to USDT and other dollar stablecoins for preservation of value.
Historical data shows that during bear markets, the dominance of Tether often rises sharply, and traders tend to protect their capital by holding stablecoins. Based on historical patterns, when the MACD histogram breaks above the zero line, it usually indicates the start of a bear market, accompanied by bullish momentum in USDT dominance.
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Data: Tether's market share hits a new high since April, market risk aversion sentiment rises.
According to ChainCatcher news reported by CoinDesk, Tether's market capitalization has reached 184 billion dollars, with its market dominance recently rising to the highest level since April, reflecting the strong risk aversion sentiment in the overall Crypto Assets market. The current crypto market continues to be under pressure, with Bitcoin falling 11% this month to $97,000, as investors are transferring funds to USDT and other dollar stablecoins for preservation of value. Historical data shows that during bear markets, the dominance of Tether often rises sharply, and traders tend to protect their capital by holding stablecoins. Based on historical patterns, when the MACD histogram breaks above the zero line, it usually indicates the start of a bear market, accompanied by bullish momentum in USDT dominance.