Tether's 40% surge on exchanges to $10 billion hints at bullish momentum

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Tether's 40% surge on exchanges to $10 billion hints at bullish momentum
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Tether (USDT), the largest stablecoin by market cap, has witnessed a significant surge in its exchange reserves. Santiment, a prominent crypto data pr

Tether's exchange reserves have surged to $9.99 billion, indicating potential crypto buying.

holdings on exchanges underlines selling pressure for the largest stablecoin. The trend often translates to conversion by buying riskier crypto assets. Tether exchange supply A closer look also reveals that while market capitalization has been the largest at $83.5 billion. Opposing market trend by capitalization decline Santiment highlights that

instead of any of a number of volatile digital assets. This is done to safeguard capital erosion during market weakness. Especially when the crypto market has recorded double-digit erosion in market capitalization across all cryptocurrencies in the last week, based on CoinGecko research. However,

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