Tether’s USDT Hits $120B, Fueling ‘Uptober’ Crypto Rally

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Tether’s USDT market cap has reached an all-time high of $120 billion, signaling a potential crypto rally in October, often called “Uptober.” The surge in stablecoin supply could spill into Bitcoin and Ethereum, breaking their seven-month downtrend. Recent data shows over $66 million USDT flowing into Binance, sparking optimism for a price surge. Historically, October is a strong month for Bitcoin, with an average return of 21%. Analysts believe this rising USDT supply could boost the crypto market before the month’s end.