How Bitcoin is impacted as USDT holdings increase

At press time, the top 10 Tether wallets held tokens worth $15.23 billion, and market analysts suggested that investor confidence for the coming weeks may be a bit stagnant. Nevertheless, Bitcoin [BTC] hasn’t shown any signs of stopping as it shot beyond the $37,000 and then $38,000 mark. Recently, CoinMarketCap reported that the king coin saw its price venture higher by over 4.5%, hitting an overwhelming $747 billion market capitalization, which is also buoyed by the increasing faith of BTC holders. Bitcoin storm of confidence stays strong with 3.3% growth in the last 24 hours, raising the total market capitalization to an all-time high at $38,225.01. But looking down to the latest reports, BDEX, and Santiment have urged potential investors to stay cautious before jumping onto the cryptocurrency bandwagon.