Will The Crypto Rally Continue? The supply of USDT grows amidst the Bitcoin price rally. Does it mean that investors are getting more interested in the crypto market? Let’s take a look!
USDT continues to be the most important stablecoin for exchange trading with $984B of transaction volume over the past 30 days compared to BUSD at $323B and USDC at $135B. USDT trading even surpassed Bitcoin.
The idea of using USDT’s growth as a positive indicator for the continued price rally puts us in a very pleasurable perspective. During the 2019 recovery, a growing USDT supply was a crucial indicator during its rally from the cycle lows set in 2018 to the mid-year highs. At that time, Bitcoin went from $3k to $13k.
USDT’s growth in supply only means one thing – a rise in incoming capital into crypto. Despite other resources being in place, USDT remains the most important and available stablecoin on the market.
So, you may consider preparing your bag as the USDT metric says we’re in for a Bull Run!
