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Tether's market cap drops $6.6B in 60 days, Bitcoin demand hits steepest decline since 2025

Market News
10 Nov 2026, 19:02 WIB
Tokenpost
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Bearish
Tether's market cap drops $6.6B in 60 days, Bitcoin demand hits steepest decline since 2025

Tether (USDT), a popular stablecoin pegged to the U.S. dollar, saw its market capitalization decrease by $6.6 billion over 60 days, a larger drop than after the FTX collapse in December 2022. This decline affects liquidity and market dynamics, impacting traders' ability to enter or exit positions. Meanwhile, Bitcoin demand fell by 284,000 BTC in the past month, marking its steepest decline since March 2025. The Coinbase Premium Index remained negative for 30 days, indicating weak spot demand for Bitcoin.

Tether’s USDT market cap contracted by $6.6 billion over 60 days, marking a significant liquidity shift in the stablecoin market. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Nov 11, 2026 00:02 WIB: out of 50 major cryptocurrencies priced on Pluang, 7 rose and 42 fell today. Notable movers include EOS up 8.13% at Rp12.649 with a typical hold time of 87 days, AAVE down 7.69% at Rp2.215.138 with 82% sell order activity, and BAT down 6.79% at Rp2.227 with 100% buy order activity.

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