I think using USDT.D to mark general crypto tops and bottom is an underrated tool...
Tether has a $68 billion market cap as of today (10/5/2022) which ranks as #3 behind Ethereum and Bitcoin.
Tether also has $44 billion volume in the last 24 hours (10/5/2022) which ranks #1 and USDT is consistently #1 in volume.
Bitcoin: $386 Billion Market Cap and $36 Billion 24 hour volume
Ethereum: $165 Billion Market Cap and $10 Billion 24 hour volume
Solana: $12 Billion Market Cap and $737 Million 24 hour volume
Tether: $68 Billion Market Cap and $44 Billion 24 hour volume
I think USDT.D breaks down from this general area and marks a short term cryptocurrency bottom, will update when we get a clear move.
Tether has a $68 billion market cap as of today (10/5/2022) which ranks as #3 behind Ethereum and Bitcoin.
Tether also has $44 billion volume in the last 24 hours (10/5/2022) which ranks #1 and USDT is consistently #1 in volume.
Bitcoin: $386 Billion Market Cap and $36 Billion 24 hour volume
Ethereum: $165 Billion Market Cap and $10 Billion 24 hour volume
Solana: $12 Billion Market Cap and $737 Million 24 hour volume
Tether: $68 Billion Market Cap and $44 Billion 24 hour volume
I think USDT.D breaks down from this general area and marks a short term cryptocurrency bottom, will update when we get a clear move.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.