bullish

Minted

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Tether minted 2 billion USDT today, following another 5 billion USDT minted lately.</li>
 <li>Tether’s latest moves are bullish for Bitcoin and the crypto market.</li>
</ul>
<p>The Tether Treasury has minted a significant amount of USDT lately, suggesting that massive amounts of funds are about to flow into the crypto market.</p>
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" src="https://pbs.twimg.com/media/GcUkvetaUAAfQqu?format=jpg&amp;name=4096x4096" alt="Lookonchain via X" width="2588" height="1284" title="Tether Minted 2B $USDT Today 15">
 <figcaption>
  Lookonchain via X
 </figcaption>
</figure>
<p>On-chain data shows that earlier today, Tether minted 2 billion USDT, a move that comes following the previous minting of another 5 million USDT during the last few days.</p>
<h2 id="tether-treasury-minted-7-billion-usdt-in-6-days">Tether Treasury Minted 7 Billion USDT in 6 Days</h2>
<p>According to data revealed via X by Lookonchain, before today’s minting, Tether Treasury has minted 1 billion USDT on November 13, 2 billion USDT three days ago, 1 billion USDT four days ago, and another billion USDT four days ago.</p>
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" src="https://pbs.twimg.com/media/GcUkveuaIAADMrE?format=jpg&amp;name=large" alt="Lookonchain via X" width="1394" height="514" title="Tether Minted 2B $USDT Today 16">
 <figcaption>
  Lookonchain via X
 </figcaption>
</figure>
<p>Tether Treasury’s latest moves mirror the fact that significant amounts of funds are pumped into the crypto market, signaling upcoming bullish moves.</p>
<h2 id="multiple-catalysts-for-the-crypto-market-s-ascendant-trajectory">Multiple Catalysts for the Crypto Market’s Ascendant Trajectory</h2>
<p>The crypto market had a strong upward trajectory following the November 5 US elections, which debuted in full force the next day when the election results came in.</p>
<p>The bullish moves continued, sending Bitcoin to new ATHs, fueled by market optimism stemming from the upcoming changes in Washington and the prospect of the US creating a <a href="https://crypto.ro/en/news/bitcoin-price-reached-a-new-ath-above-89k-as-the-industry-pushes-for-a-us-strategic-btc-reserve/" rel="noopener noreferrer nofollow">Strategic Bitcoin Reserve</a>.</p>
<p>Also, the Fed’s latest 25 bps rate cuts from last week fueled the price rally even more, along with continued inflows in US BTC ETFs and this week’s <a href="https://crypto.ro/en/news/bitcoin-price-spikes-above-89k-following-us-cpi-data/" rel="noopener noreferrer nofollow">CPI October report</a>.</p>
<p>Another factor contributing to the upward momentum for crypto in the last few days was the massive memecoin frenzy.</p>
<p>Multiple memecoins have seen their prices rising sharply including PNUT, PEPE, and others, introducing new funds in the market.</p>
<p>Data from <a href="https://www.coingecko.com/en/categories/meme-token" rel="noopener noreferrer nofollow" target="_blank">CoinGecko</a> shows that the market cap of the memecoin sector is up by over 9%, rising above $126.6 billion in the past 24 hours, and the trading volume surpassed $95.5 billion.</p>
<h2 id="bitcoin-100-000-predictions">Bitcoin $100,000 Predictions</h2>
<p>Optimistic predictions see Bitcoin<a href="https://crypto.ro/en/sponsored/bitcoin-towards-100000-how-the-crypto-market-is-transforming-under-the-influence-of-new-policies/" rel="noopener noreferrer nofollow"> hitting $100,000</a> sooner than expected, considering all the factors mentioned above which are aligning to create the most bullish scenery for Bitcoin and the crypto industry.</p>
<p>When this happens, FOMO will reach the options market which will most likely trigger a surge in the IV, according to <a href="https://x.com/GreeksLive/status/1856709216901476448" rel="noopener noreferrer nofollow" target="_blank">Greeks.live</a>.</p>
<p>At the moment of writing this article, BTC is trading above $91,000, up by over 3% in the past 24 hours. Yesterday, BTC reached a new ATH at $93,400, injecting the market with more optimism.</p>

Tether Minted 2B $USDT Today

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