USDT Market Cap Briefly Surpasses Ethereum Today

CoinFeed June 26 news, according to Cointelegraph, as Ethereum price fell to its lowest point of the year, Tether's stablecoin USDT briefly became the second largest cryptocurrency by market cap. Ethereum's market cap fell below $185 billion after a 5.2% drop in 24 hours, with its price on Coinbase dropping to $1510 at one point, causing USDT with a market cap of $186 billion to briefly surpass Ethereum. CoinGecko data shows that Ethereum's market cap has rebounded to $189.1 billion, currently higher than USDT's $186 billion market cap.