Altcoins News
By Maheen Hernandez
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BITCOIN RALLIES HAPPEN WITH TETHER ISSUANCE
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BUYING BITCOIN WHEN TETHER MINTED
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Tether Treasure mints $30 M of Fresh USDT. The money will be making it to the market shortly.
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Whale Alert tweeted: “30,000,000 #USDT (30,093,298 USD) minted at Tether Treasury.”
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More than 70% of Bitcoin Rallies happen with Tether Issuance. The response in the market is bullish.
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The USD coin from Coinbase has been making its issuances. About $2.8 million of USDC has is issued. And, $1.5M USDC entered the market in December.
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Tether probably is experiencing a discomfort seeing the issuance of USDC. Stable coin wars are heating up for 2020.
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The idea of buying Bitcoin when Tether minted is fresh continues to stay in investor buying sentiments.
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Elias Simos tweeted: “As the year comes to a close, it's always useful to remember the impact of stable value in the #cryptoasset market.
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However, several crypto community members are not in agreement with this correlation. Despite all, USDT supply is one of the indicators used by investors to decide whether to…
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Some of the USDT is for cryptocurrency-based lending, and some are locked. However, on the Tether transparency report, the entire supply of USDT is higher than reported.
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The tokens spread through networks. Nearly 1.55 million USDT stays on the Bitcoin network, and more than 5 million coins minted on EOS. The wallets are harder to track.
The Currency Analytics
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