USDT has surged to a market capitalization of $83.2 billion, successfully recuperating all the losses suffered since the collapse of the blockchain project Terra over a year ago.
Macro analyst Tom Dunleavy suggests that the stablecoin market's contraction is indicative of the ongoing bearish phase in the crypto market.
The report highlights that Tether has been steadily capturing a larger share of the market cap, overshadowing its competitors such as USD Coin.
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Nike's .SWOOSH NFT drop encountered several stumbling blocks, whereas a Bitcoin NFT collection soared to the top of the charts, and the momentum of NFT lending continues to grow.
On Sunday, a staggering amount of over 9.3 million tokens will become accessible, accounting for approximately 1.2% of AXAX's overall supply.
The crypto debates have become progressively more polarized and politicized, exemplified by a recent CoinDesk article highlighting a contentious mining facility in New York.
Bitcoin remains stagnant, inching closer to marking its first month of decline in 2023. Meanwhile, Ether experiences a slight increase but appears poised to end May in the red as well.
Amidst the scarcity of verifiable information, a group of cryptocurrency enthusiasts are proactively making moves.