The cryptocurrency market is sluggish, with minimal volume, and it is also in the consolidation period. It's fantastic to see BTC consolidating since greater consolidation means more bullishness.The market scenario is currently unknown, and anything might happen at any time. We are approaching the new year, and anything may happen with the changing of the month.
We have both good and terrible news. The good news is that Trump will take an oath to his post. This is wonderful since Trump is completely supportive of the cryptocurrency business. Perhaps this will happen on January 20th, resulting in some positive momentum.However, there is some bad news first: USDT has been delisted. Will this damage the market? Yes, it will have a significant influence on the market.
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USDT is the most stable cryptocurrency, and any unfavorable news about it may shock the whole crypto market. If the USDT breaks its peg, Bitcoin will go below $50,000 within a few days.
This is how the coin might have a negative influence on the market. The good news is that USDT is just being delisted in Europe, and it will stay listed on other exchanges in the remaining nations.This is still horrible news that the EU is delisting USDT, which will undoubtedly shock the market. Let's see what occurs, and we must be prepared for any circumstance. Crypto markets are very volatile and unpredictable....
Thank you!