In brief
- The 60-day market cap growth of Tether’s USDT stablecoin has slowed from $15.38 billion to $4.83 billion, indicating a severe drop in new capital entering crypto markets.
- Analysts say substantial “dry powder” exists in stablecoin reserves, but it is not being deployed aggressively, capping upside momentum.
- Bitcoin is likely to consolidate between key levels of $81,000 and $102,000 until liquidity improves or a decisive breakout occurs.
Cryptocurrency market liquidity is tightening as a key measure of capital inflows shows a pronounced slowdown ahead of the holiday season.
The 60-day market cap change of Tether’s USDT, the world’s largest stablecoin, has dropped from $15.38 billion on November 1 to $4.83 billion as of Monday,…
