Starting from December 30, the European Union will fully implement the Regulation on the Crypto-Asset Market (MiCA Law), sidelining one of the most widely used stablecoins globally: USDT.
This change opens the door to USDC and EURC, issued by Circle, consolidating a new balance in the European cryptocurrency market.
With a market capitalization close to 163 billion dollars, USDT, the largest stablecoin in the world issued by Tether, has been a benchmark in the trading of crypto assets.
However, compliance with the strict provisions of the MiCA Law has proven impossible for the issuance of this token. The regulation requires that all stablecoins listed on centralized exchanges be issued by entities that hold electronic money licenses and maintain at least two-thirds of their reserves in an independent bank.
As a result, exchanges like Binance and OKX have already removed USDT from their listings, while other operators who have not done so have until December 30 to comply with the regulations.
This measure has also led Tether to suspend support for its euro-pegged stablecoin, EURT, on November 27, marking a clear setback in its influence within the European market.
I have seen in some Telegram groups people saying that #BTCUSDT should reach 78k
According to my analysis observing the 1-Month chart, it is very possible, Here I leave you a chart where you can see the yellow lines I have drawn since around 2022, it has touched some key points and what I imagine could happen is drawn in green.
In a circle, the area is marked where it could reach liquidity to continue rising.
Let’s remember that it is vital for Bitcoin to drop to gather liquidity to reach new ATHs
___________________ Everyone must conduct their own analysis. This is not investment advice.
I have been analyzing #SEI/USDT for some months now and I also have about 730 SEI, the blue support line has been drawn for two months, and it just touched the support and bounced back. In some places, they are already saying that alt season is coming because of BTC dominance, which means that most altcoins are going to increase in price. Stay alert to its price and I will be posting updates on this coin that has given me many gains in spot.
The two charts I am providing are from Binance, viewed in 4 hours and in one week.
And with some green lines, I have drawn what I imagine could happen; it's just a guess.
Each person should conduct their own analysis. This is not investment advice.