Cryptocurrency Q&A
Is USDT dominance correlated with BTC?
Is USDT dominance correlated with BTC?
KimonoGlitter
Wed Apr 09 2025
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8
answers
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I'm wondering if there's a correlation between the dominance of USDT in the cryptocurrency market and the performance of BTC. Specifically, I want to know if changes in USDT's market share typically have any impact on the price or volatility of BTC.
8 answers
ZenBalance
Fri Apr 11 2025
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the diverse needs of crypto enthusiasts.
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Leonardo
Fri Apr 11 2025
Interestingly, the performance of USDT exhibits an inverse relationship with Bitcoin.
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Raffaele
Fri Apr 11 2025
When analyzing the weekly chart, a notable pattern emerges regarding USDT's dominance.
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Riccardo
Fri Apr 11 2025
Since 2015, whenever USDT's dominance reaches the upper strong resistance line, it typically begins to decline.
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Carlo
Fri Apr 11 2025
USDT holds a unique position in the cryptocurrency market as a stablecoin.
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