Tether Dominance Surges Amid Bitcoin Sell-Off

Tether's (USDT) market dominance surged 13.5% last week to 9%, marking its largest weekly increase since March 2025.

The rise coincided with a sharp Bitcoin sell-off that saw BTC briefly fall below $60,000.

A bullish 'golden cross' has formed on the USDT dominance chart, historically signaling increasing risk aversion across crypto markets.

Tether's market capitalization declined for a third consecutive week, suggesting some capital exited the crypto market entirely rather than rotating into stablecoins.