Tether USDT dey experience seasonal decline as e dey face holiday effects and MiCA regulation wahala
Tether's USDT stablecoin don see market cap decrease of 2.8% since e peak for $141 billion on December 19, 2024. Dis decline wey dem attribute to holiday trading slowdown, see trading volumes drop significantly by 64% from $154 billion to $55 billion by January 6, 2025. Matrixport and analysts dey suggest say dis na temporary setback, no be say e dey indicate bear market. Dem dey expect say market go recover as trading activity usually resume with the flow of fiat currency enter crypto sector after holiday period. Additional uncertainty don come from MiCA regulation rumors wey dey affect USDT listing for the EU, though no formal directives don show, and platforms like Binance dey continue to support. The overall outlook dey assumed say e go bullish, based on increase for trading volumes wey go show say market don revive.
Bullish
Di news wey dey surround Tether USDT dey show say market go slow down small because of seasonal holidays, wey historically don dey happen with previous post-holiday recoveries. Di expected return of trading volumes na positive sign of market revitalization wen more fiat dey enter di ecosystem, dey point towards bullish scenario. Even though rumors about regulatory impacts from EU's MiCA dey bring some uncertainty, di absence of any definite actions or delistings so far dey support neutral to positive outlook. Di continued support of major exchanges like Binance dey also reduce bearish sentiment.