Posted 3/10/2024, 1:37:00 PM
Tether Injects $2 Billion USDT Into Crypto Market, Sparking Bullish Sentiment and Altcoin Surge Expectations
- Tether injected $2 billion USDT into the crypto market within 24 hours, sparking bullish sentiment
- The injection is seen as a future inventory for issuance requests and chain swaps, not necessarily newly issued
- Analysts argue the injection implies additional demand for crypto spot buying or leverage trading
- Altcoins are seen as lagging behind Bitcoin's new ATH, indicating potential for a short-term correction
- After correction, altcoins are expected to see a strong surge to new all-time highs