Today, we’re going to talk about something called USDT dominance. It’s a term that tells us how much people prefer holding a cryptocurrency called Tether, instead of others like Bitcoin or Ethereum. Let’s dig deeper into it and learn more about it!

Usdt.d shows how much Tether (USDT) is preferred in the cryptocurrency world. When USDT.D goes up, it means more people are choosing to keep USDT rather than Bitcoin or Ethereum. This might suggest they’re not very sure about the market, or they want to stick with something stable when the market is unpredictable.

When Usdt.d goes down, it shows that investors feel more sure about other cryptocurrencies and are okay leaving the safety of USDT. This might mean the market is optimistic. So, when USDT.D moves in the opposite direction of the overall crypto market, it means that when other cryptocurrencies are going up and the market looks positive.  

Usdt.d is likely to drop because people trust those other assets more. But when the market is down and other cryptocurrencies are falling, USDT.D is likely to rise because investors want the safety of stablecoins.

If the USDT.D chart stays strong, it could help other cryptocurrencies, such as altcoins, keep growing steadily. But if it drops below a certain support level, the upward trend must keep going. 

If it can’t break through this support, there might be a step back towards the next level where it’s harder for the price to go higher. 

 Let’s have a look at the chart:

Image Credit:

So, Usdt.d needs to hold up to support altcoins’ growth, and if it doesn’t, there could be some setbacks in their progress.

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