Tether USDT’s market cap drop linked to ‘seasonal holiday lull’ 📉
Tether USDT’s market cap has taken a significant hit, dropping $100 billion since mid-December. However, Matrixport believes it might be too early to become pessimistic about Tether's future prospects.
The firm suggests that this decline could be attributed to a 'seasonal holiday lull,' affecting trading activities. They advise not jumping to bearish conclusions since such a slowdown might be temporary.
This insight comes amidst fluctuating market dynamics, as traders may have reduced activity over the holiday period, which is commonly observed across various financial instruments.
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