Tether's Dominance Surges Amidst Bitcoin's Slump

Tether's market share of the cryptocurrency market increased to 9% last week, marking its largest weekly gain since March 2025. This rise in dominance coincided with a sharp decline in Bitcoin prices, which briefly fell below $60,000.

The formation of a 'golden cross' on the USDT dominance chart is seen as a technical indicator of increasing risk aversion among investors. This phenomenon has historically been associated with weaker performance by Bitcoin and other cryptocurrencies.