Usdt dominance going up so crypto coins go down that's why go for short trading positions.😎
What is usdt dominance?
#USDTdominance refers to the market capitalization of Tether (USDT) stablecoin relative to the overall cryptocurrency market. It's a measure of USDT's influence and popularity in the crypto space. Currently, USDT dominates around 60.68% of the stablecoin market, with a market capitalization of approximately $187 billion.
*Key Factors Contributing to USDT Dominance:*
Robust U.S. Treasury Holdings_: USDT is backed by over $100 billion in U.S. Treasuries, ensuring stability and trust.
Widespread Adoption_: USDT is widely used in emerging markets, particularly in Argentina and Turkey, as a hedge against inflation and economic instability.
High Liquidity_: USDT has a massive daily trading volume of around $100.8 billion, making it a preferred choice for traders.
Network Efficiency_: USDT's presence on the Tron blockchain offers lower transaction fees, increasing its accessibility. #SolanaETFInflows #USDT #USDTfree #USNonFarmPayrollReport