USDT's flashing a golden cross and that may be bad news for bitcoin

USDT's dominance rate has flashed a golden crossover in a sign of caution for the broader crypto market. What to know : A bullish golden cross has appeared on the USDT dominance chart, signaling that the Tether-issued stablecoin is likely to gain a larger share of the overall crypto market. That dominance typically rises when the price if bitcoin falls, suggesting a continued rotation out of riskier crypto assets and into dollar-pegged holdings. Recent data show tether’s dominance rising even as its market value declines, indicating that investors are not just waiting on the sidelines in stablecoins but are cashing out to fiat and exiting the crypto market.