Crypto News

Tether’s $4B Minting Sparks Bitcoin Surge, Pushing Prices Near $90K

Tether recently injected $4 billion into the crypto market, minting $2 billion in USDT twice over the last two days.

This influx has driven a surge in demand for Bitcoin, sending the price to a new high of $89,500 as traders and investors rush to acquire assets.

As billions in freshly minted USDT flow into exchanges, Bitcoin’s trading volumes have soared, indicating intense buying interest from both retail and institutional players. With Bitcoin on the brink of $90K, the market is experiencing unprecedented trading levels as FOMO (fear of missing out) spreads among investors eager to capitalize on the rally.

Top Institutional Investors Like BlackRock Expands Bitcoin Holdings 

In addition, major financial institutions like BlackRock are expanding their Bitcoin holdings, fueling speculation that Bitcoin could soon surpass the $100K mark. Companies are also increasingly considering Bitcoin as a hedge against inflation, with its role as “digital gold” gaining wider recognition among traditional and corporate investors alike.

This convergence of factors—Tether’s USDT minting, record-breaking trading volumes, and institutional interest—is shaping a pivotal moment for the crypto market. Analysts suggest that Bitcoin could breach the $100K threshold with just one more key headline or event, as speculation, optimism, and liquidity continue to build.

For those on the sidelines, the urgency to enter the market is palpable. Bitcoin’s ongoing price climb, combined with its draining exchange balances, indicates strong accumulation and hints at sustained upward momentum. With each rally-driven dip met by eager buyers, the market appears to be bracing for Bitcoin’s next milestone, positioning it closer than ever to the coveted $100K level.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: rokastenys/123RF // Image Effects by Colorcinch

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