Tag Archives: USDT

Bitcoin Recovers To $61,000, Here Are The Possible Reasons

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Bitcoin has made a recovery back towards the $61,000 level during the past day. Here are the factors that could be behind this surge. Bitcoin Has Made Some Recovery During The Last 24 Hours After showing lackluster price action under $60,000 during the past few days, Bitcoin has finally shown some momentum in the last… Continue reading Bitcoin Recovers To $61,000, Here Are The Possible Reasons→

Bitcoin Traders Cautious Despite Massive Stablecoin Inflow: What’s Next For BTC?

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Bitcoin buyers might be upbeat after the uptick on August 8. While traders are waiting for a conclusive close above $63,000, confirming bulls of the second half of last week, on-chain data points to risk and traders staying on the sidelines. Traders Cautious: Will The Bitcoin Consolidation Continue? Taking to X, one on-chain analyst said.… Continue reading Bitcoin Traders Cautious Despite Massive Stablecoin Inflow: What’s Next For BTC?→

Celsius Takes Legal Action Against Tether In $2.4 Bitcoin Collateral Controversy

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Bankrupt crypto lender Celsius Network has initiated legal proceedings against Tether, the company behind the USDT stablecoin. The lawsuit, which was filed concerning a contract dispute dating back to 2022, alleges that Tether violated their agreement by unjustifiably liquidating 39,542.42 Bitcoins that were held as collateral for a loan issued in USDT. Celsius contends that… Continue reading Celsius Takes Legal Action Against Tether In $2.4 Bitcoin Collateral Controversy→

Institutional Investor Sends $445 Million USDT To Exchanges, What Are They Buying?

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Institutional investors have already shown how bullish they are on Bitcoin (BTC) and the broader cryptocurrency market, as they have continued to accumulate with USDT, especially during every dip. This bullish sentiment was again on display as this institutional investor sent $445 million USDT to exchanges to buy more crypto.  Cumberland Sends $445 Million USDT… Continue reading Institutional Investor Sends $445 Million USDT To Exchanges, What Are They Buying?→

Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal

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On-chain data shows Ethereum has been observing high exchange outflows recently, but a development related to Tether (USDT) may be a bearish obstacle for the market. Ethereum And Tether Both Have Seen Withdrawals From Exchanges Recently As explained by the on-chain analytics firm Santiment in a new Exchange Flow Balance,” which measures the net amount… Continue reading Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal→

Stalled USDT Liquidity Threatens Bitcoin Price Further Growth – Here’s Why

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The price of Bitcoin has maintained a recovery trajectory over the last week, gaining by a significant 16.25% to move briefly above the $67,000 price mark. Bitcoin investors are likely hopeful the asset will record more price gains and finally embark on a bull run following the halving event in April. However, Bitcoin’s price future… Continue reading Stalled USDT Liquidity Threatens Bitcoin Price Further Growth – Here’s Why→

Tron’s USDT Triumphs: Daily Volume Climbs Above $53 Billion, Dwarfing Visa

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USDT, Tether’s digital token pegged to traditional currencies, is leading a quiet revolution in the world of finance. In a landmark development, USDT has surpassed Visa’s average daily transaction volume on the Tron blockchain, underscoring its position as the undisputed leader in the stablecoin space. This surge signifies a growing confidence in stablecoins and their… Continue reading Tron’s USDT Triumphs: Daily Volume Climbs Above $53 Billion, Dwarfing Visa→

Bitcoin And Solana Brace For Quiet Q3: What Crypto Traders Should Know

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As summer unfolds, the cryptocurrency market is showing little upward momentum. Particularly, crypto analyst Ansem has recently projected a steady course for Bitcoin (BTC) and Solana (SOL) in the coming months. This forecast is grounded in a detailed analysis shared on Elon Musk’s social platform X, where Ansem highlighted potential trends and key scenarios that could… Continue reading Bitcoin And Solana Brace For Quiet Q3: What Crypto Traders Should Know→

Non-Empty USDC And USDT Wallets See 13.9% And 15.7% Spike, Why This Is Good For Crypto

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Non-empty wallets for stablecoins such as Circle’s USDC and Tether’s USDT have been on the rise for a while now as crypto prices have recovered since the start of the year. This has come to a head as the non-empty wallets have grown double-digits in a very short time. While this could point to recent… Continue reading Non-Empty USDC And USDT Wallets See 13.9% And 15.7% Spike, Why This Is Good For Crypto→

Tether Adds Fresh $1 Billion USDT To Supply – Bitcoin To Rally Again?

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According to low inflation levels reported in the latest Consumer Price Index (CPI) data.  However, Bitcoin is an asset subject to the influence of several forces. According to a report by blockchain analysis platform LookonChain, BTC may soon experience another price rally following an increase in the supply of a specific stablecoin. Can USDT Replicate… Continue reading Tether Adds Fresh $1 Billion USDT To Supply – Bitcoin To Rally Again?→