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

BlockBeats News, February 12th, Bloomberg Intelligence's Senior Commodity Strategist Mike McGlone wrote that, "If ETH falls to $1500, Tether's market cap will surpass ETH's. The most enduring trend in the crypto market is Tether 'outperforming everything,' with only Bitcoin and Ethereum yet to be surpassed. Tether is poised to exceed the market cap of Ethereum as it drops to its key support level around $1,500, surpassing it. Previously, Ethereum had fallen below its key support level of $2,500 since 2024. I believe ultimately Tether might even surpass Bitcoin, which is currently around $10,000."