“How can you be bearish?” Asks Bitcoin Trader as Tether tops $ 12 billion
Tether's market capitalization (USDT) exceeded $ 12 billion on August 14, according to market research firm Coinmetrics for cryptocurrencies. Meanwhile, some believe that the rapidly increasing valuation of the dominant stablecoin is having a positive impact (BTC) long-term. However, some investors also fear that this will make the cryptocurrency market vulnerable.
Tether has been the most widely used stablecoin for several years seen exponential growth. In January 2017, the total supply of tether was around 10 million US dollars. In four years this number has increased 1,200 times.
Read on on Coin Telegraph
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