NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Bitcoin on Verge of All-Time High as Tether Mints 1B USDT

Published 05/03/2024, 11:21
Updated 05/03/2024, 11:45
© Reuters Bitcoin on Verge of All-Time High as Tether Mints 1B USDT
BTC/USD
-
USDT/USD
-

Coin Edition -

  • USDT issuer Tether recently minted stablecoins valued at over $1 billion.
  • Tether CEO said the minted tokens replenished the USDT inventory on the Tron Network.
  • Tether’s move sparked speculation that Bitcoin would reach $72K soon.

Crypto community members have become more bullish about Bitcoin reaching an all-time high amid the staggering value of stablecoins minted from USDT issuer Tether.

Within the last 24 hours, 1,000,000,000 USDT stablecoin valued at over a billion dollars was minted at Tether Treasury. Whale Alert called attention to this development in a recent post on X.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.