CandleFocus

USDT Flows Now Shaping Crypto Market Dynamics: Here’s How

The data confirms that the flow of Tether (USDT) has continued to impact the crypto market during the recent bull run. The increase in USDT activity aligns with the rising price of Bitcoin and stablecoin flows often provide insight into market sentiment. Flows to exchanges have surged to almost $40 billion in 2024, while the number of active USDT addresses and transaction count have also risen significantly. This indicates broader market participation and highlights the important role of stablecoins in liquidity and trading. The market cap of USDT has nearly doubled this year, reaching $139 billion.

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