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Tether Mints $1B USDT, Bitcoin Price Eyes Rally


by CoinEdition
Tether is the Fed of Crypto: 1B USDT Minted
  • The issuer of USDT, Tether, has been termed as the Fed of the crypto market. 
  • Analyst Ali Martinez highlighted the correlation in USDT printing and Bitcoin price.
  • Over 1 billion new USDT tokens were printed for the Tron ecosystem.

Tether, the company behind the top stablecoin USDT, has minted 1 billion new tokens. Crypto analyst Ali Martinez suggests this could boost Bitcoin’s price.

Martinez draws a parallel between Tether and the Federal Reserve, noting that the crypto market often rallies after new USDT issuance. He also observed a surge in USDT minting during the recent market decline, suggesting this could foreshadow a potential market recovery.

On the same token, Whale Alert, an X account that tracks large whale movements, stated in a post that on August 20, Tether minted a massive 1 billion USDT tokens, roughly worth $1 billion. As per Martinez’s theory, this surge in printing could infl…

The post Tether Mints $1B USDT, Bitcoin Price Eyes Rally appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Tether Mints $1B USDT, Bitcoin Price Eyes Rally


by CoinEdition
Tether is the Fed of Crypto: 1B USDT Minted
  • The issuer of USDT, Tether, has been termed as the Fed of the crypto market. 
  • Analyst Ali Martinez highlighted the correlation in USDT printing and Bitcoin price.
  • Over 1 billion new USDT tokens were printed for the Tron ecosystem.

Tether, the company behind the top stablecoin USDT, has minted 1 billion new tokens. Crypto analyst Ali Martinez suggests this could boost Bitcoin’s price.

Martinez draws a parallel between Tether and the Federal Reserve, noting that the crypto market often rallies after new USDT issuance. He also observed a surge in USDT minting during the recent market decline, suggesting this could foreshadow a potential market recovery.

On the same token, Whale Alert, an X account that tracks large whale movements, stated in a post that on August 20, Tether minted a massive 1 billion USDT tokens, roughly worth $1 billion. As per Martinez’s theory, this surge in printing could infl…

The post Tether Mints $1B USDT, Bitcoin Price Eyes Rally appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin (BTC) Price Prediction for July 25

Bitcoin (BTC) Price Prediction for July 25

The Bitcoin price today is trading near $115,600 after a sharp intraday decline that ...
Bitcoin Slides to $115K as Dow Jones Rally Stalls at December-January High

Bitcoin Slides to $115K as Dow Jones Rally Stalls at December-January High

The broader cryptocurrency market, including ether and solana, also experienced losse...