Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoins current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a
rapid growth in the stablecoin demand.
There is a demand for stable coin because right before the bearish market took turns, few intellectuals rushed in and got their funds to tether or usdt, so when the market gets bearish, they take turns to buy bitcoin on the low, then convert back to usdt when it moons at a small %.
This drive is good for traders, as they get to retain both their capital and their profits, but you can effect this method, if you dyor and maintain proper practice.