Bitcoin & Tether Are Growing in Dominance Here's What It Means For Traders

in #stellar • last year

Bitcoin is the most popular cryptocurrency in the world. It has a market cap of $120 billion, which is higher than XRP or Ethereum. But that doesn't mean he can stay at the top forever. In fact, there are signs that Bitcoin dominance could decline over the next few years. This can cause trouble for traders who rely on Bitcoin as their primary trading currency.

Tether (USDT) is a cryptocurrency launched by Tether Limited in mid-2014, providing a way to trade between fiat and crypto currencies. While there are many other cryptocurrencies, USDT has become the go-to choice for those looking to buy and sell BTC with fiat currencies like the US dollar (USD).

Over the past few months, USDT has grown in popularity as more and more people have started using it as the primary trading currency to buy and sell BTC. In fact, many traders are currently switching from Bitcoin to USDT because they believe it is more liquid than Bitcoin right now.

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