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via CoinDesk · By CoinDesk Staff

USDT's dominance rate flashed a golden cross, which may be bad news for the bitcoin (BTC) price

BTC

BTC/USDT

$62,614.00

-2.71%

$62,614.00

-2.71%

(24s)

24h Volume

$18,913,202,803.30

24h H/L

$64,478.00 / $62,272.07

Change: $2,205.93 (3.54%)

Long/Short

66.1%

Long: 66.1%Short: 33.9%

Funding Rate

-0.0015%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,654.57

▼ -0.48%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,790.26

Resistance 1$62,971.83

Price$62,654.57

Support 1$61,914.37

Support 2$60,472.98

Support 3$59,130.91

Pivot (PP):$62,717.25

Trend:Downtrend

RSI (14):34.2

CoinDesk Staff

(09:27 AM UTC)

1 min read

Reviewed bySarah Chen

1420 views

0 comments

USDT's flashing a golden cross and that may be bad news for bitcoin

USDT's dominance rate has flashed a golden crossover in a sign of caution for the broader crypto market.

A popular signal that confirms sustained bullish shifts in market momentum just appeared on the dominance chart for Tether's USDT, the world's largest stablecoin by market capitalization.

That may not be good news for bitcoin BTC…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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