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Cryptocurrencies Price Prediction: Ethereum, USDT & Cryptos – American Wrap 31 October

USDT market cap crosses $120 billion as stablecoins continue their uptrend

The stablecoin market capitalization continued its uptrend in October, characterized by USDT reaching a $120 billion market cap, according to a CCData report on Thursday. This indicates that investors are preparing liquidity to fuel more demand.
 
Ethereum (ETH) is down over 5% on Tuesday but could bounce off the $2,490 key support level as most of the total value locked (TVL) that left its Layer 1 chain has remained within the broader ETH ecosystem.
The Crypto Fear & Greed Index indicates “extreme greed” for the second consecutive day, increasing the chances of a market-wide correction. 
 

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