Bloomberg Analyst: If Ethereum falls to $1500, Tether's market capitalization will surpass Ethereum

SmartContractAuditor · 2026-02-12T05:31:14+00:00

Bloomberg analyst Mike McGlone predicts that Tether's market capitalization will surpass Ethereum and Bitcoin, expecting Ethereum to be overtaken when the price drops to $1500, and Bitcoin may be overtaken when it falls back to $10,000.

SmartContractAuditor

2026-02-12 05:31:14

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Odaily Planet Daily reports that Bloomberg analyst Mike McGlone stated on the X platform that the most enduring trend in the cryptocurrency space is Tether’s market capitalization surpassing other assets. Currently, only Bitcoin and Ethereum have not been surpassed. When Ether’s price drops to around $1,500, Tether’s market cap is expected to surpass Ethereum. $1,500 is the next key support level after Ethereum broke below the crucial support of $2,500 since 2024. Mike McGlone believes that Tether will eventually surpass Bitcoin, and based on current data, this could happen when Bitcoin’s price falls back to around $10,000.

ETH1,3%

BTC1,25%

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