USDT Market Share Reaches Golden Cross Amidst Bitcoin Decline

The cryptocurrency market is experiencing a significant shift in investor sentiment, with USDT's market share reaching a 'golden cross' on the weekly chart.

This indicator typically rises during Bitcoin downturns, reflecting a move away from high-volatility assets and towards dollar-pegged assets.

According to data, USDT's market share rose 13.5% in a single day last week, marking the largest single-day gain since March 2025. Meanwhile, Bitcoin's price fell below $60,000, posting a weekly decline of nearly 14%.