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For the first time... #USDT exceeds #ETH in market capitalization.
After Ethereum dropped to the $1,500 area, its market cap fell to become lower than USDT.
When fear dominates, investors flee from high-risk assets towards stablecoins... and that's exactly what we're seeing today.
The decline is not over yet and we are still in a bear market, and it is very possible we will see Ethereum's price below $1000, and thus the market cap of USDT will increase further, because liquidity is moving into it waiting for market direction clarity.
$ETH $EURUSD $USDT