PANews reported on January 6 that according to Matrixport analysis, the performance of stablecoins is an important indicator of the crypto market. Usually, the growth of Tether's market value reflects the inflow of more fiat money, while the increase in trading volume indicates that market sentiment is bullish. However, recent data shows that both Tether's market value and trading volume have declined, but analysts believe that this may only be a seasonal downturn caused by the Christmas holiday, rather than a clear signal that the market is turning bearish. As the new year begins, whether the market will rise again remains to be seen.
