Rally

Bitcoin

Coin

<ul class="wp-block-list news-points"> 
 <li><strong>The issuer of USDT, Tether, has been termed as the Fed of the crypto market.&nbsp;</strong></li> 
 <li><strong>Analyst Ali Martinez highlighted the correlation in USDT printing and Bitcoin price.</strong></li> 
 <li><strong>Over 1 billion new USDT tokens were printed for the Tron ecosystem.</strong></li> 
</ul> 
<p>Tether, the company behind the top stablecoin USDT, has minted 1 billion new tokens. Crypto analyst Ali Martinez suggests this could boost Bitcoin’s price.</p> 
<p>Martinez draws a parallel between Tether and the Federal Reserve, noting that the crypto market often rallies after new USDT issuance. He also observed a surge in USDT minting during the recent market decline, suggesting this could foreshadow a potential market recovery.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Tether?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Tether</a> is like the <a href="https://twitter.com/federalreserve?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@federalreserve</a> of <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#crypto</a>! Every time more <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USDT</a> is minted, the market seems to climb higher. <br><br>During the latest <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> correction, those <a href="https://twitter.com/hashtag/USDT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#USDT</a> printers were working overtime! <a href="https://t.co/J8tLbjcMHe" target="_blank" rel="nofollow">pic.twitter.com/J8tLbjcMHe</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1825793710329618785?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 20, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>On the same token, Whale Alert, an X account that tracks large whale movements, stated in a post that on August 20, Tether minted a massive 1 billion USDT tokens, roughly worth $1 billion. As per Martinez’s theory, this surge in printing could infl…</p>
<p>The post <a href="https://coinedition.com/tether-mints-1b-usdt-bitcoin-price-eyes-rally/">Tether Mints $1B USDT, Bitcoin Price Eyes Rally</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Tether Mints $1B USDT, Bitcoin Price Eyes Rally

Coin Edition

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