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Leading stablecoin Tether shrinks again as market cap looks set for second straight monthly drop

Tether USDT$1.0003, the world’s largest stablecoin by market value, continues to shrink and looks set for a second straight monthly contraction, signaling challenging conditions for a sustainable broader market recovery. Tether’s market capitalization has dropped by 0.8% to $183.61 billion this month, extending January’s 1% slide from a record $186.84 billion, according to data source…

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BTC’s Negative Correlation With Nasdaq Persists, and History Suggests a Bottom May Be Forming

Bitcoin BTC$93,325.36 is once again behaving differently from the traditional risk asset complex, and the latest divergence may be sending an important signal.Negative correlation between bitcoin and the Nasdaq 100 has often aligned with market bottoms for bitcoin, and the current setup looks similar to several past turning points. This is now the fourth time…

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