I'm trying to understand the USDT dominance chart. I want to know what it represents, how it's calculated, and what insights it can provide about the crypto market, especially related to USDT's influence.
USDT Dominance is a key metric in the cryptocurrency market.
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isabella_bailey_economistThu Jan 16 2025
It is represented by the symbol USDT.D.
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GiuliaThu Jan 16 2025
This chart displays the percentage of the total cryptocurrency market capitalization that is held in Tether (USDT).
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CryptoLodestarWed Jan 15 2025
By monitoring this percentage, investors can gain insights into the overall sentiment of the market.
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DondaejiDelightfulWed Jan 15 2025
For instance, a rising USDT Dominance may indicate that investors are seeking safety and stability, whereas a declining percentage could suggest increased appetite for risk.