USDT Dominance Falls 8.4% as Solana Hits $225 and ASTER Surges 18%
- USDT dominance declined 8.4% within seven days.
- A declining USDT dominance typically suggests an upcoming surge in the crypto market.
- Several cryptos are benefiting from the capital rotation from stablecoins.
The share of Tether’s USDT in the crypto market fell 8.4% in the past seven days, a sharp pullback that many traders view as a bullish signal for altcoins. USDT dominance dropped from 4.74% last Friday to 4.37%, according to market data.
Analysts explained that when USDT dominance declines, it usually means investors are moving out of stablecoins and into risk assets like Bitcoin and altcoins, seeking higher returns. The latest drop coincided with rallies across the broader crypto market.
Related: Falling USDT Dominance Hints at Potential Altcoin Market Rebound
USDT Dominance Drops Over 8% in a Week
Although there are several other stablecoins in th…
Read The Full Article USDT Dominance Falls 8.4% as Solana Hits $225 and ASTER Surges 18% On Coin Edition.
Read More
USDT Dominance Falls 8.4% as Solana Hits $225 and ASTER Surges 18%
- USDT dominance declined 8.4% within seven days.
- A declining USDT dominance typically suggests an upcoming surge in the crypto market.
- Several cryptos are benefiting from the capital rotation from stablecoins.
The share of Tether’s USDT in the crypto market fell 8.4% in the past seven days, a sharp pullback that many traders view as a bullish signal for altcoins. USDT dominance dropped from 4.74% last Friday to 4.37%, according to market data.
Analysts explained that when USDT dominance declines, it usually means investors are moving out of stablecoins and into risk assets like Bitcoin and altcoins, seeking higher returns. The latest drop coincided with rallies across the broader crypto market.
Related: Falling USDT Dominance Hints at Potential Altcoin Market Rebound
USDT Dominance Drops Over 8% in a Week
Although there are several other stablecoins in th…
Read The Full Article USDT Dominance Falls 8.4% as Solana Hits $225 and ASTER Surges 18% On Coin Edition.
Read More