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.
2 days ago, #Tether minted 2B $USDT, pushing the price of $BTC to a new high of $89,500!
9 hours ago, #Tether minted 2B $USDT again!
A huge amount of money is being injected into the crypto market!https://t.co/CXI5Zd7I80 pic.twitter.com/BbOiZvdtmf
— Lookonchain (@lookonchain) November 12, 2024
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.
🚨 BREAKING alpha from @MyFinancialFri…
BITCOIN – BILLIONS PRINTED AT TETHER AND MASSIVE BITCOIN BUYS! YOU NEED TO BUY SOON! (⚠️ URGENT ⚠️)
💬 Tether has printed billions in USDT, sparking massive buying interest in Bitcoin as these funds flow onto exchanges. Demand for USDT… pic.twitter.com/wlrQn2ljt6
— Moby.eth /✨🐳/ (@mojomoby) November 11, 2024
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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