The cryptocurrency market is seeing renewed bullish momentum with Bitcoin recently crossing the $69,000 level.
Tether’s USDT has crossed the significant milestone of a $120 billion market capitalization for the first time, indicating a potential upward trend in the cryptocurrency market.
As of October 20, Tether’s USDT, the largest stablecoin globally, exceeded the $120 billion threshold, as shown on the company’s live supply tracking page.
Stablecoins serve as a crucial bridge between traditional fiat currencies and the realm of digital assets.
An increase in stablecoin supply is often viewed as a precursor to a bull market, suggesting that investors are acquiring stablecoins in anticipation of future investments in cryptocurrencies.
Global crypto funds just logged a tenth straight week of fresh capital, pulling in another $1.24 billion even as prices slid and geopolitics turned tense.
Middle-East tensions pushed Bitcoin under $100k and drove Ethereum to its lowest levels since May, but the next potential volatility spark is already on the calendar: a cluster of token releases worth nearly $140 million will hit the market between 24–28 June.
Wallets linked to the development team behind the TRUMP memecoin — associated with U.S. President Donald Trump — transferred 3.5 million tokens (worth $32.8 million) to Binance earlier today, raising questions about future sell pressure.
Binance will give traders first access to Humanity Protocol’s native token next week, rolling it out on two of its experimental venues before any spot listing is considered.