While the two leading cryptoassets were unable to print weekly gains, traders’ appetite for altcoins was not affected. Investors were positively impacted by the Coinbase exchange, the world’s largest financial asset manager, responsible for $10 trillion worth of investments.
VeChain gained 16.5% after some news sources incorrectly announced an Amazon Web Services partnership. VeChain FoundationUSDT Excessive buying demand tends to pressure the indicator above fair value at 100%, and during bearish markets, Tether’s market offer is flooded, causing a 4% or higher discount.Currently, the Tether premium stands at 98.4%, its lowest level since June 10. While distant from retail panic selling, the indicator showed a modest deterioration over the past week.
I'm happy and continue to allocate usdt to buy promising projects