• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Tether Market Cap Surge Fuels Bitcoin Growth

user avatar

by Giorgi Kostiuk

5 hours ago


The cryptocurrency market is experiencing increased liquidity due to the accelerated expansion of Tether, the largest stablecoin by market capitalization. Data shows Tether's market cap growth is historically linked to Bitcoin price increases.

Tether Market Growth

Recent data from CryptoQuant reveals USDT's market cap increased by $5.75 billion over the past 60 days, surpassing the 60-day simple moving average. This suggests fresh liquidity entering the cryptocurrency ecosystem, potentially indicating bullish market sentiment.

Impact on Cryptocurrency Liquidity

Liquidity plays a crucial role in shaping market trends. Capital inflows into stablecoins such as USDT indicate that investors are ready to deploy funds into cryptocurrency assets like Bitcoin and Ethereum.

Cryptocurrency Market Prospects

With macroeconomic stability, investors are monitoring liquidity trends closely. The increase in USDT supply signals renewed interest in the market, especially ahead of the anticipated Bitcoin halving in 2024. Historical data suggests this expansion could support further upward movements for Bitcoin and the overall cryptocurrency market.

Tether's market expansion points to potential growth for Bitcoin and the overall cryptocurrency market. However, actual market direction will also depend on regulatory and macroeconomic developments.

0

Share

Other news

Sacks and Craft Ventures Sell $200M in Digital Assets

David Sacks and Craft Ventures sold over $200M in digital assets, including Bitcoin and Ethereum.

user avatarGiorgi Kostiuk

8 minutes ago

Ripple Labs Resumes RLUSD Issuance to Meet Market Demand

Ripple resumes RLUSD issuance, increasing its supply by 6.5 million units.

user avatarGiorgi Kostiuk

18 minutes ago

David Sacks' Crypto Sell-Off Before Starting White House Role

David Sacks sold $200M in crypto assets before his White House appointment to avoid conflicts of interest.

user avatarGiorgi Kostiuk

25 minutes ago

VanEck Announces Plans to Launch AVAX ETF

VanEck filed for its first AVAX ETF, continuing its efforts in niche investment products.

user avatarGiorgi Kostiuk

25 minutes ago

Ripple Labs Restarts RLUSD Production Confirming Market Confidence

Ripple Labs resumed RLUSD issuance on XRP Ledger and Ethereum after a week pause, introducing 6.5 million tokens.

user avatarGiorgi Kostiuk

28 minutes ago

Minnesota Cryptocurrency Bill: Details and Implications

Minnesota considers a cryptocurrency bill proposing new investment and tax opportunities.

user avatarGiorgi Kostiuk

41 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.