Tether Availability on Exchanges Surges to 24.7%

The crypto sphere is rekindling its excitement due to a recent positive trend. The spotlight is back on Tether.

Data shows a notable increase in Tether’s activity on exchanges. This might hint that investors are positioning themselves for new investments.

The proportion of $USDT on exchanges has climbed from 17.6% to 24.7%. This uptick represents a marked increase in the stablecoin's availability for trade across crypto platforms.

A higher presence of $USDT typically signals a rising investor interest in venturing or revisiting the crypto space. Additionally, there’s been a boost in $USDT held by the ten biggest addresses, which jumped from $7.30B to $9.42B within a quarter.

Inflows of stablecoins, like the rise in $USDT, are generally perceived as a signal that investors are gearing up to place buy orders, reflecting a bolstered confidence in the crypto arena and an eagerness to capitalize on the market's recent positive swing…#BTC #ETH #crypto2023 $BTC $ETH