February 12th, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone noted: “If Ethereum (ETH) falls to $1,500, Tether’s (USDT) market capitalization will surpass ETH’s. The crypto market’s most enduring trend is Tether ‘outpacing everything’ — only Bitcoin (BTC) and Ethereum remain unpassed. Tether is set to overtake Ethereum’s market cap near ETH’s key support level of ~$1,500 if ETH drops to that mark. Earlier, Ethereum already broke below its key $2,500 support level dating back to 2024. I believe Tether may eventually even surpass Bitcoin, which is currently around $10,000.”
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