TLDR
About 0.34 percentage points higher today (UTC), with USDT dominance near 5.66% of total crypto market cap. This uses current snapshots and assumes minimal intraday USDT supply changes.
- Tether USDt (USDT) market cap is about $183.97 billion per the Tether USDt page.
- Total crypto market cap moved from ~$3.46 trillion to ~$3.25 trillion over the past 24h based on tool output.
- USDT dominance is reported as surging to the highest since April in a CoinDesk report.
Deep Dive
1. Todays Change
USDT dominance change ? 0.34 percentage points over the past 24 hours (UTC). This is computed from USDT market cap and total crypto market cap snapshots.
- USDT market cap is about $183.97 billion on the page above, and the total crypto market cap moved from ~$3.46 trillion to ~$3.25 trillion in the last 24h based on tool output.
- Current dominance ? 0.18397 / 3.25 100 = 5.66%. Estimated change ? 0.18397 (1/3.25 ? 1/3.46) 100 = 0.34 percentage points.
- Assumption: USDT supply did not change materially intraday. Large mints or redemptions would alter the estimate.
If total market cap falls and USDT supply is steady, USDTs share of the total pie tends to rise, even without new USDT issuance.
2. Why It Matters
Rising USDT dominance usually signals risk aversion and a tilt toward dry powder.
- Media coverage notes USDT dominance is at the highest since April per the CoinDesk report.
- The backdrop includes broad market pressure and rotation into stablecoins, reinforcing the defensive tone described in the notice above.
Higher USDT dominance often coincides with cautious positioning. If risk appetite returns, USDT dominance typically retraces as capital rotates into BTC and altcoins.
3. Caveats And Risks
Intraday supply shifts can change dominance quickly.
- USDT issuance or redemption events move USDT market cap directly, affecting dominance beyond total market cap moves.
- The figure above is a snapshot-based estimate with UTC boundaries; a strict midnight to now figure in your local timezone may differ slightly.
Treat the 0.34 percentage point rise as an approximation for today. If you care about precision, monitor USDT supply changes and exact time windows.
Conclusion
On todays setup, USDTs share of the total crypto market looks modestly higher by roughly 0.34 percentage points, with current dominance near 5.66%. The rise aligns with defensive flows highlighted in recent coverage, and it would likely reverse if risk appetite and total market cap recover.
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