USDT's market cap hits a new high. Will the cryptocurrency rebound continue?
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USDT's market cap has reached a new high of $147.21 billion, as announced by Tether's CEO, Paolo Ardoino. Despite this growth, the overall cryptocurrency market cap remains stagnant and may decline, indicating potential outflows from the market. This situation raises concerns about the sustainability of a rebound in the crypto market, with risks of a crash if outflows continue.
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