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Tether/Brazilian Real

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USDTBRL trade ideas

🚨 Alert! For USDT/BRL traders I LongMy analysis: Long 🎯 1. Take-Profit Target: 5.298 📈 I've observed a strong level of market support with robust price rejections and extended wicks around $4.889 forming a solid BSL on the 4H timeframe. 📊📈 I am waiting for the market to confirm volume analysis together with price action. RSI and MA are also indicating strong bullish momentum. Let's wait. I'll update accordingly if I enter the trade 📆📉🚀 Feel free to see my other trade analysis's and stay up to date Cheers, Kevin - Smart Capital Traders
Long
by UnknownUnicorn61697614
Changes to the stablecoins USDT and USDCUSDC market share has fallen from 34.88% to 23.05% Over the past 1 year, USDC market share has fallen from 34.88% to 23.05%, with market cap dropping from a peak of $55 billion to $29 billion. BUSD's market share has plummeted from 11.68% to 4.18%, while Dai has kept its participation rate at 3.66%, down from 4.05% in May 2022. USDT, on the other hand, moved in the opposite direction, with stablecoin market dominance rising to 65.89% from 47.04% a year ago. Its market cap soared to $83.1 billion, the In a recent interview with Bloomberg, Circle CEO Jeremy Allaire blamed the decline in stablecoin market cap on the crackdown on cryptocurrencies by US regulators. The current environment in the US seems to be working in Tether's favour.
by MMmie
Arbitrage Opportunity Open Right NowThe price of BRL is 1.35 USDT on KuCoin but on Binance it's 5.24 USDT at the time of writing this. This is a significant inefficiency between the two exchanges. I also checked the amount of liquidity on both exchanges at their respective market prices for this pair, and there is currently enough liquidity for at least 10k USD worth of BRL to be sold on KuCoin. I am only making this post because I don't have access to a Brazilian bank account and thus cannot make this trade myself, so I thought someone else out there might as well benefit from it. Follow me for more posts like this.
by lwils2169
2