Bitcoin is not the Most Popular Cryptocurrency Anymore

However, Bitcoin is still the world's largest cryptocurrency in terms of market capitalization and its value. Nowadays the price of BTC is $ 8400.

Market Instability and the Rise of Tether

It should be mentioned that the cryptocurrency market has been unstable during the last week, so it could lead to an increase in demand of Tether.

According to statistics, USDT began to compete with BTC in trading volumes since April, 2019. Furthermore, Tether is quite popular in China, as well as in other Asian countries.

As you remember, earlier we wrote that Tether made a mistake — accidentally released 5 billion USDT on TRON blockchain.