With the change in the market share of USDT and Bitcoin, the cryptocurrency investment strategy needs to be adjusted flexibly.
Recently, the weekly market share of USDT has shown lower shadows, and Bitcoin fluctuates in a range, suggesting that the decline of some cryptocurrencies has exceeded Bitcoin.
When Bitcoin fluctuates at a high level, the market share of USDT rises, showing a "blood-sucking" effect, helping Bitcoin to reach a new high at a small level.
Although the market share of USDT fluctuates, the price has exceeded the high point at the beginning of the year. Behind this is a large number of altcoins, value coins and VC coins that follow the decline but not the rise, providing blood transfusion for Bitcoin.
At present, the dominance of Bitcoin is on the rise, and the blood-sucking effect continues. It is expected that the 60% dominance of Bitcoin is expected to rise to 70% when USDT fluctuates or rebounds.