Bitcoin hashrate continues to rise, hits an all-time-high as the quantity of usdt printed on various chains has increased rapidly In December, the market capitalisation of USDT rose 1.41% to $90.6bn, recording a new all-time high for the leading stablecoin.
This is the fourth consecutive month of increase in market capitalisation and the first instance of a stablecoin breaching the $90bn mark. The market dominance of USDT is currently at 70.4%, the highest since January 2021 flagging the entrance of the institution as bitcoin is now ready to chase 1 trillion dollars market cap with Blackrock leading the packs in sensitizing the cryptocurrency industry around the globe.