USDT golden cross on dominance chart may signal downside risk for bitcoin
2026-06-09 09:31:17
A bullish golden cross has appeared on the USDT dominance chart, a technical signal that Tether’s stablecoin could take a larger share of the crypto market and potentially pressure bitcoin. According to CoinDesk, USDT dominance tends to rise when BTC falls, reflecting a risk-off rotation into dollar-pegged holdings; last week dominance jumped 13.5% to 9% as bitcoin slid nearly 14% and briefly dipped below $60,000. CoinDesk noted USDT’s market cap fell for a third straight week even as dominance rose, suggesting some investors exited to fiat.
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