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Tether’s dominance rate has climbed to its highest level since April.Historically, surges in USDT dominance have been hallmark features of bitcoin bear markets.
Bitcoin's potential double top above $100,000 raises caution, but a crash like 2022 is unlikely without a black swan event, Sygnum's Head of Investment Research Katalin Tischhauser told CoinDesk.
Investors move away from U.S. assets, causing a rise in Treasury yields and a decline in the dollar index and U.S. stocks.
Omkar Godbole
Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member.