🚨 Tether's ban in Europe is sparking fears of a crypto market crash!

⚠️ The delisting could lead to massive liquidity issues—what’s next for the market?

This Tether news could impact the crypto market for the worse due to this digital assets position in the market. It is the third biggest crypto after Bitcoin and Ethereum and has a market capitalization of $139.28 Billion. Additionally, Tether is the most widely held asset which will be heavily impacted by this step.

Notably, this delisting could create major liquidity issues, which could create crypto crash-like situations, especially with the investor’s sentiments already moving away from greed. This delisting will also impact the crypto’s USDT pair trades, crypto transactions, and crypto trade fees. Eventually, this could bring a liquidity drought and a crypto market crash.

Most importantly, this will reduce its market dominance, which is slowly rebounding after hitting March support. However, the reduction could help in the Bitcoin price rally as there’s a negative correlation between the two.

#CryptoCrash #Tether #Blockchain