Tag Archives: btcusdt

The latest price developments helped Bitcoin’s price to recover following the massive sell-offs in mid-March. However, while most features of the cryptocurrency market have reclaimed previous positions, a few are still showing weak charts.Bitcoin Price Recovered Since Black ThursdayThe year started quite positively for Bitcoin and the entire cryptocurrency market. Interest, trading volumes, and ultimately prices were soaring.BTC reached its yearly high in February at around $10,500. And when...

Tether, the issuer of the dollar-pegged stablecoin USDT, is in the limelight again as the company’s treasury minted fresh USDT worth more than a billion dollars in a single month.Tether Mints 1.6B USDT in April.From April 1, 2020, to April 30, accumulated records from Whale Alert, a platform that tracks large crypto transactions from and to exchanges, revealed that the Tether Treasury printed a total of 1.58 billion USDT worth just shy of $1.59 billion.Tether minted 480 million USDT tokens in...

This past week was a blessing for the price of Bitcoin. The primary cryptocurrency was trading around $7500 just a week ago, while the highest of the past week reached over $9400.Only ten days left until the anticipated Bitcoin halving event, and so far, it seems like BTC fires its engines. As of writing these lines, the coin is safely maintaining the $8800 price zone.If we look at the macro level, since breaking out from the $7800 – $8000 region, a zone which was consisted of some...

Bitcoin’s halving is right around the corner. It will slash the block reward miners get from minting new bitcoins in half and potentially reduce the supply of the cryptocurrency on the market. Historically, this has been a major bullish catalyst for Bitcoin as its price has so far increased substantially after the two previous halvings.The last couple of days have been nothing but impressive for the leading cryptocurrency as it managed to touch $9,500 before retracing to where it currently...

Bitcoin’s price increased substantially over the past few days, breaking a lot of important resistance levels on its way up. The cryptocurrency touched $9,500 but has since retraced to its current trading price at around $8,900.In any case, this staged it for a full recovery from the mid-March selloff while equity markets are yet to regain their strength.Bitcoin Decoupling From Equities And GoldThe past couple of days have been nothing but interesting for Bitcoin as its price marked yet...

Ethereum investors have been accumulating and holding substantial amounts lately. More than 77% of ETH in externally owned accounts (EOAs) has not moved in the past six months, new data revealed.Ethereum Investors Hodl And AccumulateThe price of Ethereum, similarly to most cryptocurrencies, went through violent turbulence lately. Starting 2020 at about $131, reaching a yearly high of $290, and then succumbing to the mid-March sell-offs caused by the COVID-19 pandemic and bottoming at...

Top global assets closed the month of April in the green, with Bitcoin coming through as the best-performing asset of April. BTC was up roughly 34%, rising from the $6,400 range at the start of the month to just over $8,700 on the last day. The S&P 500 gained 12.7% while gold rallied by $6.7% in April. This marks a recovery from the market crash in March when Bitcoin, S&P 500 and gold dropped 26.7%, 12.51% and 0.5% respectively.COVID-19 Outbreak Caused Markets To Pause in March,...

Popular gold proponent and well-known Bitcoin critic, Peter Schiff, said that the latest rally of the cryptocurrency was caused by nothing but speculation. Despite the common comparison that a lot of people are drawing between Bitcoin and gold, the economist said that they have nothing in common.Peter Schiff Does It AgainIt’s safe to say that Bitcoin had a fantastic day yesterday as the cryptocurrency touched $9,500 before retracing to its current levels of trading. With this, it managed to...

Less than two weeks before the third-ever Bitcoin Halving, Micree Ketuan Zhan, the ousted co-founder and chairman of Bitmain, received a partial legal victory in the Beijing Haidian District Bureau of Justice.The Bureau reversed a decision from January 2nd, which allowed current CFO Luyao Liu to replace CEO Jihan Wu as the registered legal representative of the Beijing branch.Zhan Scores One On BitmainThe leading Bitcoin mining firm’s leadership issues have been going on for years now. They...

The latest positive price developments in the cryptocurrency scene have helped Bitcoin to reclaim its position as the best performing asset in 2020. BTC is currently beating the S&P 500 index, US 10 year treasury bonds, and even gold.BTC’s Recent Price Jump2020 has been nothing but volatile for the cryptocurrency market. Looking at Bitcoin, for instance, it started the year at approximately $7,100, surged to above $10,000 in mid-February, before plunging hard to $3,700 amid the spread of...