𝐓𝐇𝐄 𝐔𝐒𝐃𝐓 𝐌𝐀𝐑𝐊𝐄𝐓 𝐂𝐀𝐏 𝐉𝐔𝐒𝐓 𝐌𝐀𝐃𝐄 𝐀𝐍 𝐀𝐋𝐋-𝐓𝐈𝐌𝐄 𝐇𝐈𝐆𝐇 𝐀𝐆𝐀𝐈𝐍 𝐓𝐇𝐈𝐒 𝐘𝐄𝐀𝐑
📌The market capitalization of USDT began increasing at the beginning of the year, aligning with the overall upswing in the cryptocurrency market. Currently, there is a notable surge, reaching $88 billion today.
It looks like money is re-entering the system again.👀 Bullrun coming?
𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐢𝐭 𝐦𝐞𝐚𝐧 𝐰𝐡𝐞𝐧 𝐔𝐒𝐃𝐓 𝐨𝐫 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭𝐜𝐚𝐩 𝐫𝐢𝐬𝐞𝐬?
There are two possibilities:
✅It could be due to an increased demand for Tether (usually, for a bullish market, investors use stablecoins to buy their cryptos.)
✅An increase in the total supply of USDT.
📌It's important to note that changes in market capitalization can be influenced by various factors, including market sentiment, economic conditions, and the overall demand for stablecoins as a tool for trading or storing value.
