Rally

2024

Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>USDT circulating increased, suggesting a BTC price increase shortly.</strong></li> 
 <li><strong>The MACD and RSI indicated a possible bullish move for the coin.</strong></li> 
 <li><strong>New Bitcoin addresses are buying the dip, indicating a likely rise above $43,000.</strong></li> 
</ul> 
<p>According to Simona_APC, a CryptoQuant author, <a href="https://coinedition.com/bitcoin-maximalist-predicts-bitcoin-to-hit-50000/" target="_blank" rel="noreferrer noopener">Bitcoin’s (BTC)</a> price could be positively affected by the rise in USDT’s circulation supply. To back up her point, the on-chain analyst referred to historical data.</p> 
<p>Simona used an example in 2022, citing how USDT’s supply has increased by 30 billion since 2022. She also noted that each increase was followed by a notable BTC pump.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Correlation between USDT circulating supply and Bitcoin’s price<br><br>"Since the end of 2022, the circulating supply of <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USDT</a> has increased by around 30B. Each increase in supply has traditionally positively affected the development of the <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> price."<br>by <a href="https://twitter.com/Simona_APC?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@simona_apc</a><br><br>Full Post<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;">… <a href="https://t.co/1bL8YzfRdg" target="_blank" rel="nofollow">pic.twitter.com/1bL8YzfRdg</a></p>— CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1751877611507286155?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 29, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-bears-have-no-chance">Bears Have No Chance</h2> 
<p>Coin Edition analyzed the data above and observed that there was a strong correlation between BTC’s price and the <a href="https://coinedition.com/what-is-a-stablecoin/" target="_blank" rel="noreferrer noopener">stablecoin</a> supply. So the recent increase suggests improved liquidity in t…</p>
<p>The post <a href="https://coinedition.com/usdts-circulating-supply-jumps-is-btc-set-for-another-rally/">USDT’s Circulating Supply Jumps: Is (BTC) Set for Another Rally</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

USDT’s Circulating Supply Jumps: Is (BTC) Set for Another Rally

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Coin Edition

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