‘Uptober’ looms for crypto as Tether’s market cap hits a record high
After a tough September, the non-subtle moves of the Tether (USDT) stablecoin may have offered a subtle hint that October will truly live up to its nickname of ‘Uptober’ for the cryptocurrency market. Indeed, the market capitalization of USDT has been steadily rising in recent weeks and months and has rocketed from about $118.8 billion to $119.2 billion – a new all-time high (ATH) – in the last seven days alone, per the date retrieved from CoinMarketCap in the morning of September 23. USDT 7-day market cap chart. Source: CoinMarketCap The most recent rise follows a market cap increase of $1.5 billion in the last 30 days and of approximately $36 billion in the last 12 months. Picks for you Bitcoin braces for strongest September in history 3 hours ago ...