USDTdominance
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USDT DOMINANCE ANALYSIS
#USDT.D perfectly breakdown the rising wedge and moving downward. It also breakdown the MA 100 and MA 200, which is showing a bearish trend.
A downward move is expected in the USDT.D and that could be a strong bullish sign for the crypto market as they work inversely proportional to each other.
#USDTdominance #trade #altseason
#USDT.D perfectly breakdown the rising wedge and moving downward. It also breakdown the MA 100 and MA 200, which is showing a bearish trend.
A downward move is expected in the USDT.D and that could be a strong bullish sign for the crypto market as they work inversely proportional to each other.
#USDTdominance #trade #altseason
#USDTdominance update 📊
#USDT.D is approaching a supply zone, accompanied by the RSI in the overbought region and showing hidden bearish divergence.
Anticipating a rejection at the indicated supply zone, which suggests a potential #bearish trend.
Conversely, a downward movement in USDT.D would indicate a #bullish trend, as it generally moves inversely to the #market .
#technicalanalysis $BTC $USDC $BNB
#USDT.D is approaching a supply zone, accompanied by the RSI in the overbought region and showing hidden bearish divergence.
Anticipating a rejection at the indicated supply zone, which suggests a potential #bearish trend.
Conversely, a downward movement in USDT.D would indicate a #bullish trend, as it generally moves inversely to the #market .
#technicalanalysis $BTC $USDC $BNB
USDT Takes Advantage Of Rival Stablecoins’ Struggling MarketCap By Adding Over $5 Billion In A Week
Tether, the largest stablecoin in the cryptocurrency market, has taken advantage of the decline in its competitors’ market capitalization and has increased its total supply by $5 billion in the last seven days. The move has propelled the USDT’s market cap to $77.6 billion, representing a 10% increase in the last 30 days and a dominant 58% market share of the stablecoin industry.
This significant surge in the supply of USDT comes at a time when the competition in the stablecoin market is becoming increasingly fierce. Both BUSD and USDC have faced significant challenges, with BUSD dropping out of the top 10 in market capitalization and being banned by the US government from issuing new coins. Meanwhile, USDC has faced issues with asset backing and experienced a significant depeg, leading many investors to turn away from it.
In contrast, Tether has become a “safe haven” for investors, as it has been audited by BDO and has reserves that exceed $960 million, providing a sense of security for those who hold it.
The CEO of Binance, Changpeng Zhao, has also commented on the recent stablecoin market developments, noting that BUSD, the most fiat-backed stablecoin, has been forced to wind down, while USDC is also shrinking in market cap due to bank closures.
In response to these market developments, Binance has taken steps to distance itself from BUSD by converting its entire SAFU insurance fund from BUSD to USDT and TUSD. This move confirms Binance’s separation from BUSD and its alignment with the growing dominance of USDT in the stablecoin market.
In summary, Tether’s aggressive minting of USDT has enabled it to increase its market share significantly, even in the face of fierce competition and challenges faced by its competitors. As the cryptocurrency market continues to evolve, it remains to be seen how Tether’s dominance will continue to shape the stablecoin landscape in the future.
#Tether #USDT #USDTdominance #USDC #azcoinnews
This article was republished from azcoinnews.com
This significant surge in the supply of USDT comes at a time when the competition in the stablecoin market is becoming increasingly fierce. Both BUSD and USDC have faced significant challenges, with BUSD dropping out of the top 10 in market capitalization and being banned by the US government from issuing new coins. Meanwhile, USDC has faced issues with asset backing and experienced a significant depeg, leading many investors to turn away from it.
In contrast, Tether has become a “safe haven” for investors, as it has been audited by BDO and has reserves that exceed $960 million, providing a sense of security for those who hold it.
The CEO of Binance, Changpeng Zhao, has also commented on the recent stablecoin market developments, noting that BUSD, the most fiat-backed stablecoin, has been forced to wind down, while USDC is also shrinking in market cap due to bank closures.
In response to these market developments, Binance has taken steps to distance itself from BUSD by converting its entire SAFU insurance fund from BUSD to USDT and TUSD. This move confirms Binance’s separation from BUSD and its alignment with the growing dominance of USDT in the stablecoin market.
In summary, Tether’s aggressive minting of USDT has enabled it to increase its market share significantly, even in the face of fierce competition and challenges faced by its competitors. As the cryptocurrency market continues to evolve, it remains to be seen how Tether’s dominance will continue to shape the stablecoin landscape in the future.
#Tether #USDT #USDTdominance #USDC #azcoinnews
This article was republished from azcoinnews.com
USDT Market Share In Stablecoins Soars To 60% As USDC Suffers $10 Billion Outflow Following Silicon
The stablecoin market has been experiencing significant changes, with Tether (USDT) taking the lead while USD Coin (USDC) struggles to regain market confidence.
According to CoinGecko, USDC experienced a net outflow of $10 billion in the past 10 days, prompting a decline in its market cap from $43 billion to $33 billion. Circle, the operator of USDC, announced that the crisis was due to a liquidity problem in Silicon Valley banks, which held $3.3 billion of the coin’s reserves.
@azcoinnews
Despite Circle’s reassurances that USDC is backed by short-term Treasuries and deposits in various US banks, it will be challenging to regain market trust. Moreover, a recent report from digital asset broker Enigma Securities suggested that while USDC may have survived the crisis, it’s unclear whether it will ultimately win the war.
Meanwhile, Tether’s market share has surged to 60%, with a market capitalization of $79.5 billion. The coin’s value remained stable during the banking crisis, which helped boost its popularity among investors. The decline of third-ranked stablecoin Binance USD (BUSD) also contributed to Tether’s rise to the top spot, with BUSD’s supply falling below $8 billion from $16 billion in early February.
TUSD, highlighted by Binance as an alternative to BUSD, rose from less than $1 billion to $2 billion, rising to the fifth spot. Circle CEO Jeremy Allaire expressed irony over the fact that USDC, which is known for integrating US banking and regulation, is now considered “unsafe,” while Tether lacks banking and risk exposure information.
Paolo Ardoino, Tether’s Chief Technology Officer, expressed confidence in USDT’s excess reserves, which amount to $1.6 billion, and the coin’s profitability, with $700 million in recorded profits in the first quarter of 2023.
In conclusion, the stablecoin market is in flux, with Tether leading the way while USDC struggles to regain market trust. It remains to be seen how the stablecoin market will evolve in the coming months, but for now, Tether is the undisputed leader.
#USDT #USDTdominance #USDC #Stablecoins #azcoinnews
This article was republished from azcoinnews.com
According to CoinGecko, USDC experienced a net outflow of $10 billion in the past 10 days, prompting a decline in its market cap from $43 billion to $33 billion. Circle, the operator of USDC, announced that the crisis was due to a liquidity problem in Silicon Valley banks, which held $3.3 billion of the coin’s reserves.
@azcoinnews
Despite Circle’s reassurances that USDC is backed by short-term Treasuries and deposits in various US banks, it will be challenging to regain market trust. Moreover, a recent report from digital asset broker Enigma Securities suggested that while USDC may have survived the crisis, it’s unclear whether it will ultimately win the war.
Meanwhile, Tether’s market share has surged to 60%, with a market capitalization of $79.5 billion. The coin’s value remained stable during the banking crisis, which helped boost its popularity among investors. The decline of third-ranked stablecoin Binance USD (BUSD) also contributed to Tether’s rise to the top spot, with BUSD’s supply falling below $8 billion from $16 billion in early February.
TUSD, highlighted by Binance as an alternative to BUSD, rose from less than $1 billion to $2 billion, rising to the fifth spot. Circle CEO Jeremy Allaire expressed irony over the fact that USDC, which is known for integrating US banking and regulation, is now considered “unsafe,” while Tether lacks banking and risk exposure information.
Paolo Ardoino, Tether’s Chief Technology Officer, expressed confidence in USDT’s excess reserves, which amount to $1.6 billion, and the coin’s profitability, with $700 million in recorded profits in the first quarter of 2023.
In conclusion, the stablecoin market is in flux, with Tether leading the way while USDC struggles to regain market trust. It remains to be seen how the stablecoin market will evolve in the coming months, but for now, Tether is the undisputed leader.
#USDT #USDTdominance #USDC #Stablecoins #azcoinnews
This article was republished from azcoinnews.com
#USDT.D update
USDT.D has recently broken down from a rising wedge pattern and retested below it. The price currently resides within the Ichimoku cloud, indicating a period of uncertainty until a definitive breakdown of the cloud occurs.
Confirmation of a downward trend would be signaled by a successful retest of the rising wedge or a sustained breakdown of the Ichimoku cloud.
This would be considered a bullish indication for the overall crypto market, as these elements tend to exhibit an inverse relationship.
#USDTdominance #bitcoin #BTC #technicalanalysis
USDT.D has recently broken down from a rising wedge pattern and retested below it. The price currently resides within the Ichimoku cloud, indicating a period of uncertainty until a definitive breakdown of the cloud occurs.
Confirmation of a downward trend would be signaled by a successful retest of the rising wedge or a sustained breakdown of the Ichimoku cloud.
This would be considered a bullish indication for the overall crypto market, as these elements tend to exhibit an inverse relationship.
#USDTdominance #bitcoin #BTC #technicalanalysis
Binance enthusiasts📢 Don't miss my latest article on USDT dominance charts. USDT dominance charts serve as barometers for overall market sentiment. An increasing dominance hints at a bearish market, while a declining dominance may indicate a bullish trend.#Stablecoins #USDT #USDTdominance
LIVECallistemon
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Mastering USDT Dominance Charts for Crypto Success
USDT dominance charts serve as indispensable tools for crypto investors, shedding light on market sentiments and investment opportunities. In this comprehensive guide, we will unravel the intricacies of reading and interpreting these charts. Moreover, we'll explore practical examples of how crypto investors can harness USDT dominance charts for their benefit.Understanding USDT DominanceUSDT dominance reflects the percentage of the total cryptocurrency market capitalization held in USDT, a stablecoin pegged to the US dollar. This stability makes it an attractive option for crypto investors seeking a safe haven during periods of market turbulence.Reading USDT Dominance ChartsUSDT dominance charts are commonly presented as line graphs. The line's height corresponds to the percentage of the total crypto market capitalization residing in USDT. A higher line indicates a greater portion held in USDT, while a lower line signifies a smaller allocation.Interpreting USDT Dominance ChartsUSDT dominance charts offer various interpretations. An ascending chart suggests that investors are becoming more risk-averse, moving their funds into USDT, typically during market volatility or uncertainty. Conversely, a descending chart implies growing risk tolerance, with investors reallocating funds from USDT to other cryptocurrencies in periods of market strength and optimism.Practical Uses of USDT Dominance ChartsIdentifying Trading Opportunities: A rising USDT dominance chart can signal a potential decline in Bitcoin and other cryptocurrencies. Traders may consider shorting these assets in anticipation of price drops.Risk Management: Crypto traders can use USDT dominance charts to determine the proportion of their portfolios allocated to USDT. This allocation helps reduce overall risk exposure.Tracking Market Sentiment: USDT dominance charts serve as barometers for overall market sentiment. An increasing dominance hints at a bearish market, while a declining dominance may indicate a bullish trend.Key Considerations In late 2017, a significant drop in USDT dominance from over 80% to below 40% signaled growing investor confidence in the crypto market. Funds flowed out of USDT and into cryptocurrencies like Bitcoin and Ethereum, resulting in higher cryptocurrency prices.Early 2018 witnessed a rise in USDT dominance from below 40% to over 60%, indicating increased risk aversion. This surge led to a sharp decline in Bitcoin and other cryptocurrency prices.By late 2020, USDT dominance fell from over 70% to below 60%, marking renewed investor confidence. Funds shifted from USDT to cryptocurrencies like Bitcoin and Ethereum, leading to a surge in cryptocurrency prices.ConclusionUSDT dominance charts are invaluable tools for crypto investors, offering insights into market sentiments and trading opportunities. However, it's crucial to complement USDT dominance analysis with other technical indicators and market research for well-informed investment decisions.Real-World Applications for Using USDT Dominance ChartsWatch for Divergences: When USDT dominance moves contrary to Bitcoin or other cryptocurrencies, it may hint at a potential trend reversal.Consider Broader Context: USDT dominance shouldn't be the sole basis for decisions. Global economic conditions and regulatory developments must also be factored into investment choices.Do Your Research: While USDT dominance charts are useful, they should be part of a more comprehensive research strategy, not the sole determinant for investment actions.#BTC #Stablecoins #USDT #USDTdominance
💰 #USDTdominance
Peaks in USDT dominance historically coincide with crypto corrections🤔
Average correction after updating annual maxima is -48.72%📝
Current USDT dominance decrease is -34.32%📉
Approximately 1/4 of market movement reserve remains before touching the ascending trendline🧐
$BTC $ETH
#BTC #ETH #CryptoEase
Peaks in USDT dominance historically coincide with crypto corrections🤔
Average correction after updating annual maxima is -48.72%📝
Current USDT dominance decrease is -34.32%📉
Approximately 1/4 of market movement reserve remains before touching the ascending trendline🧐
$BTC $ETH
#BTC #ETH #CryptoEase
USDT DOMINANCE ANALYSIS
USDT.D is retesting below the symmetrical triangle. MA 200 and the Ichimoku cloud are acting as resistance. A successful retest would be a sign of a downward move.
As #USDT.D works inversely proportional to the crypto market, if it rejects then that is a bullish sign for the market.
#USDTdominance
USDT.D is retesting below the symmetrical triangle. MA 200 and the Ichimoku cloud are acting as resistance. A successful retest would be a sign of a downward move.
As #USDT.D works inversely proportional to the crypto market, if it rejects then that is a bullish sign for the market.
#USDTdominance
#USDT DOMINANCE ANALYSIS
USDT.D is moving in a descending triangle and currently trading below the trendline, where the Ichimoku cloud is also acting as resistance.
A rejection from here would be a bullish sign for the market, while a successful breakout of the descending triangle will be a bearish sign as it works inversely proportional to the crypto market.
#Dominance #trading #USDTdominance #USDT.D
USDT.D is moving in a descending triangle and currently trading below the trendline, where the Ichimoku cloud is also acting as resistance.
A rejection from here would be a bullish sign for the market, while a successful breakout of the descending triangle will be a bearish sign as it works inversely proportional to the crypto market.
#Dominance #trading #USDTdominance #USDT.D
🚨🚨USDT DOMINANCE ANALYSIS 🚨🚨
USDT.D is retesting below the symmetrical triangle. MA 100 and the Ichimoku cloud are also acting as resistance. RSI got rejected from the overbought region and has formed a bearish divergence.
A successful retest would be a sign of a bearish move and if it follows the downward path then that would be a bullish sign for the crypto market as they work inversely proportional to each other.
#USDT.D #USDTdominance
USDT.D is retesting below the symmetrical triangle. MA 100 and the Ichimoku cloud are also acting as resistance. RSI got rejected from the overbought region and has formed a bearish divergence.
A successful retest would be a sign of a bearish move and if it follows the downward path then that would be a bullish sign for the crypto market as they work inversely proportional to each other.
#USDT.D #USDTdominance
Mastering USDT Dominance Charts for Crypto Success
USDT dominance charts serve as indispensable tools for crypto investors, shedding light on market sentiments and investment opportunities. In this comprehensive guide, we will unravel the intricacies of reading and interpreting these charts. Moreover, we'll explore practical examples of how crypto investors can harness USDT dominance charts for their benefit.Understanding USDT DominanceUSDT dominance reflects the percentage of the total cryptocurrency market capitalization held in USDT, a stablecoin pegged to the US dollar. This stability makes it an attractive option for crypto investors seeking a safe haven during periods of market turbulence.Reading USDT Dominance ChartsUSDT dominance charts are commonly presented as line graphs. The line's height corresponds to the percentage of the total crypto market capitalization residing in USDT. A higher line indicates a greater portion held in USDT, while a lower line signifies a smaller allocation.Interpreting USDT Dominance ChartsUSDT dominance charts offer various interpretations. An ascending chart suggests that investors are becoming more risk-averse, moving their funds into USDT, typically during market volatility or uncertainty. Conversely, a descending chart implies growing risk tolerance, with investors reallocating funds from USDT to other cryptocurrencies in periods of market strength and optimism.Practical Uses of USDT Dominance ChartsIdentifying Trading Opportunities: A rising USDT dominance chart can signal a potential decline in Bitcoin and other cryptocurrencies. Traders may consider shorting these assets in anticipation of price drops.Risk Management: Crypto traders can use USDT dominance charts to determine the proportion of their portfolios allocated to USDT. This allocation helps reduce overall risk exposure.Tracking Market Sentiment: USDT dominance charts serve as barometers for overall market sentiment. An increasing dominance hints at a bearish market, while a declining dominance may indicate a bullish trend.Key Considerations In late 2017, a significant drop in USDT dominance from over 80% to below 40% signaled growing investor confidence in the crypto market. Funds flowed out of USDT and into cryptocurrencies like Bitcoin and Ethereum, resulting in higher cryptocurrency prices.Early 2018 witnessed a rise in USDT dominance from below 40% to over 60%, indicating increased risk aversion. This surge led to a sharp decline in Bitcoin and other cryptocurrency prices.By late 2020, USDT dominance fell from over 70% to below 60%, marking renewed investor confidence. Funds shifted from USDT to cryptocurrencies like Bitcoin and Ethereum, leading to a surge in cryptocurrency prices.ConclusionUSDT dominance charts are invaluable tools for crypto investors, offering insights into market sentiments and trading opportunities. However, it's crucial to complement USDT dominance analysis with other technical indicators and market research for well-informed investment decisions.Real-World Applications for Using USDT Dominance ChartsWatch for Divergences: When USDT dominance moves contrary to Bitcoin or other cryptocurrencies, it may hint at a potential trend reversal.Consider Broader Context: USDT dominance shouldn't be the sole basis for decisions. Global economic conditions and regulatory developments must also be factored into investment choices.Do Your Research: While USDT dominance charts are useful, they should be part of a more comprehensive research strategy, not the sole determinant for investment actions.#BTC #Stablecoins #USDT #USDTdominance
#USDTdominance analysis ✅
Calling all Bears 🔥
Hopefully soon we willl see some bearish mode in the market ✔️ #NFA✅
Calling all Bears 🔥
Hopefully soon we willl see some bearish mode in the market ✔️ #NFA✅
The relative supply dominance of #USDT continues to ascend, residing at a current value of 67.6%, the largest relative dominance since May 2021.
🟢 USDT Dominance: 67.6%
🔵 USDC Dominance: 23%
🟡 BUSD Dominance: 3.8%
🔴 DAI Dominance: 3.8%
⚫ TUSD Dominance: 1.7%
#USDTdominance
🟢 USDT Dominance: 67.6%
🔵 USDC Dominance: 23%
🟡 BUSD Dominance: 3.8%
🔴 DAI Dominance: 3.8%
⚫ TUSD Dominance: 1.7%
#USDTdominance
#USDT.DOMINANCE UPDATE:
#Usdt Dominance is getting dumped after breaking down of the Triangle like we predicted. We saw a pump in the crypto market after the dump in Dominance because this works opposite to each other.
#USDTdominance #BTC #bitcoinhalving #BinanceSquare $BTC $ETH $BNB
#Usdt Dominance is getting dumped after breaking down of the Triangle like we predicted. We saw a pump in the crypto market after the dump in Dominance because this works opposite to each other.
#USDTdominance #BTC #bitcoinhalving #BinanceSquare $BTC $ETH $BNB
#USDT DOMINANCE ANALYSIS
USDT.D is moving in a descending triangle. Currently, it is facing trendline resistance. MACD crossover is losing bullish momentum. RSI is in the overbought region.
All these confluences are showing that there are high chances of rejection. A rejection from here will confirm a bearish move in USDT.D. That would be a bullish sign for the crypto market as they work inversely proportional to each other.
#USDT #dominance #USDTdominance #USDT.D
USDT.D is moving in a descending triangle. Currently, it is facing trendline resistance. MACD crossover is losing bullish momentum. RSI is in the overbought region.
All these confluences are showing that there are high chances of rejection. A rejection from here will confirm a bearish move in USDT.D. That would be a bullish sign for the crypto market as they work inversely proportional to each other.
#USDT #dominance #USDTdominance #USDT.D
#BTC #USDTdominance
$FDUSD
In my last article I mentioned USDT volume is increasing rapidly. Today volume of USDT has reached 47.1 Million in 24 Hrs. It proved my point that USA is entering in crypto markets with full power and also strongly recommending crypto markets. The USDT coin can be future official digital currency of USA. it is a good news for crypto lovers and especially developing economies.
$FDUSD
In my last article I mentioned USDT volume is increasing rapidly. Today volume of USDT has reached 47.1 Million in 24 Hrs. It proved my point that USA is entering in crypto markets with full power and also strongly recommending crypto markets. The USDT coin can be future official digital currency of USA. it is a good news for crypto lovers and especially developing economies.
