Bloomberg Analyst: If Ethereum Falls to $1,500, Tether's Market Cap Will Surpass Ethereum

Odaily News Bloomberg analyst Mike McGlone stated on platform X that the most enduring trend in the cryptocurrency space is Tether's market cap surpassing other assets. Currently, only Bitcoin and Ethereum remain unsurpassed. When Ether's price falls to around $1,500, Tether's market cap is expected to surpass Ethereum. The $1,500 level is the next core support for Ethereum after it breaks below the key support level of $2,500 in 2024. Mike McGlone believes Tether will ultimately surpass Bitcoin; based on current data, this could happen if Bitcoin's price falls to around $10,000.