MARKET MOVEMENT
USDT (Tether) has totally regained its Dollar peg after over 2 months of trading below $1. It initially lost its peg after LUNA’s collapse, when it reached a low of $0.97 and people starting massively panic selling into FIAT or into other more “trustworthy” Stablecoins. This is a sign the market is gaining strength back, and a window into what we’re likely seeing in the next 6 months.
What can we expect to see until our yearly close?
Considering that USDT has completely regained its peg, we can clearly see that people have once again gained trust in the market as a whole, and this is an extremely important factor for new capital injections into BTC, ETH and alts, which are likely reaching new mid term highs until the end of the year.
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We told you first,
CRYPTO GRIP
