Tether (USDT) Passes EOS & Binance Coin: Bitcoin Dumps to $10,000

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Tether Returns to the Top of the Crypto Market as BTC Dips EOS and Binance Coin have just been passed by Tether (USDT) on the de-facto cryptocurrency leaderboard. As of the time of writing this, the stablecoin is the 6th largest cryptocurrency, sporting a market capitalization just shy of $4 billion, with BNB and EOS (in that order) fall in line after it. $USDT claims yet another victim, now larger than $EOS pic.twitter.com/KD2UFZBZb7— Josh Olszewicz (@CarpeNoctom) July 14, 2019 USDT’s ranking surge, which comes as the asset was 8th largest for weeks on end, comes as Bitcoin has dumped, as have all altcoins. The leading cryptocurrency is down 11% in the past 24 hours, finding itself trading at $10,000. Due to the severity of this dump and the rationale of investors in this budding market, altcoins have dumped even harder, with Ethereum posting a loss of nearly 20% — returning…

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