Tether USDt

<ul><li>Recent data reveals $9.99B Tether held on exchanges, marking the highest in seven months ahead of Bitcoin&#39;s halving.</li><li>As Bitcoin stands 60% below its ATH, historical patterns suggest potential for a significant 2024 rally.</li><li>Amid regulatory uncertainties, chatter grows about a potential U.S. Bitcoin ETF approval, indicating possible investment influx.</li></ul>As the next Bitcoin halving approaches, the cryptocurrency market and broader Bitcoin universe are buzzing with heightened anticipation. Yet, signaling an undercurrent of confidence is the substantial $9.99 billion of Tether USDT held on exchanges.This staggering sum represents the pinnacle of buying power for crypto&#39;s premier stablecoin in nearly seven months. Since June 13, there&#39;s been a remarkable 40% spike in available Tether on these platforms as tweeted by Santiment, a market intelligence platform . Although historical patterns hint at potential price boosts post-halving, the significant presence of Tether, combined with the present global economic context, injects an element of unpredictability into the equation.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/8756bdcddb8b4766b38c490b65d06972.png" />Drawing parallels from the past, Bitcoin&#39;s price trajectory before previous halvings showcases remarkable consistency. In the lead-up to the 2016 and 2019 halvings, Bitcoin&#39;s value lingered around 65% and 60% below its all-time high (ATH) respectively. Currently, it stands at a similar 60% below its ATH. Analyst Mags&#39; tweet pointed out that if history is any guide, might be poised for a substantial price rally in 2024.Read full article at<a href="https://cryptotale.org/tethers-9-99b-on-exchanges-a-precursor-to-bitcoins-halving-event-impact/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Tether's $9.99B on Exchanges: A Precursor to Bitcoin's Halving Event Impact?

CryptoTale

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