{"id":304017,"date":"2024-05-17T17:02:47","date_gmt":"2024-05-17T11:32:47","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=304017"},"modified":"2024-05-17T17:02:47","modified_gmt":"2024-05-17T11:32:47","slug":"tether-pumps-liquidity-with-1-billion-usdt-mints-in-12-hours-crypto-market-rally-soon-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/tether-pumps-liquidity-with-1-billion-usdt-mints-in-12-hours-crypto-market-rally-soon-crypto-news\/","title":{"rendered":"Tether Pumps Liquidity With $1 Billion USDT Mints in 12 Hours, Crypto Market Rally Soon? – Crypto News"},"content":{"rendered":"

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Liquidity seems to be entering back into the crypto market as the bitcoin price pumped all the way to $67,000 amid the cooling down of the US CPI data<\/a>. There\u2019s been a strong stablecoin influx at the crypto exchanges in recent times. This could probably serve as a strong catalyst for the crypto market rally ahead.<\/p>\n

Tether Mints $1 Billion USDT<\/h3>\n

According to data from Lookonchain, the Tether Treasury recently minted an additional $1 billion worth of USDT tokens, with the latest minting occurring 13 hours ago. Over the last month, Tether has minted an additional $3 billion in USDT with its market cap soaring from $108 billion, to now over $111 billion.<\/p>\n

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The Tether Treasury has now minted a total of 31 billion USDT tokens on the TRON and Ethereum blockchains over the past year. These newly minted USDT tokens have played a significant role in influencing the price of Bitcoin (BTC), contributing to its surge from $27,000 to $73,000.<\/p>\n

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Tether Treasury minted 1B $USDT<\/a> again 13 hours ago.#TetherTreasury<\/a> has minted a total of 31B $USDT<\/a> on #TRON<\/a> and #Ethereum<\/a> in the past year.<\/p>\n

These minted $USDT<\/a> drove the price of $BTC<\/a> from $27K to $73K.https:\/\/t.co\/2wFo2DEvz3<\/a> pic.twitter.com\/IxEpBN36C0<\/a><\/p>\n

<\/p>\n

\u2014 Lookonchain (@lookonchain) May 17, 2024<\/a><\/p>\n<\/blockquote>\n

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Thus, the boost in stablecoin liquidity can trigger another fresh rally in Bitcoin, and the broader cryptocurrency market.<\/p>\n

According to CryptoQuant<\/a>, a recent surge in stablecoin inflows has been observed, indicating a notable increase in liquidity entering the cryptocurrency market. The influx of liquidity has the potential to influence the supply and demand dynamics of Bitcoin, potentially leading to heightened price volatility in the market.<\/p>\n

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Courtesy: CryptoQuant<\/figcaption><\/figure>\n

Bitcoin Liquidity Cycle Still At Lower End<\/h3>\n

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Cryptocurrency market analyst Willy Woo has provided insights into Bitcoin\u2019s current liquidity cycle, describing it as akin to a warm-up phase.<\/p>\n

According to Woo, Bitcoin is presently consolidating below its all-time highs, with indicators suggesting a relatively low long-term risk during this period. He emphasizes that the risk factor typically increases when significant market activity occurs, implying that the current phase remains relatively stable.<\/p>\n

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Here\u2019s the bigger picture of where #Bitcoin<\/a> is in its liquidity cycle\u2026 it\u2019s still doing warm up exercises.<\/p>\n

It\u2019s consolidating under all time highs, during this time long time frame risk signal is quite low. Risk only starts climbing after the floodgates open. pic.twitter.com\/dN35qGoWZs<\/a><\/p>\n

\u2014 Willy Woo (@woonomic) May 17, 2024<\/a><\/p>\n<\/blockquote>\n

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Liquidity seems to be entering back into the crypto market as the bitcoin price pumped all the way to $67,000 amid the cooling down of the US CPI data. There\u2019s been a strong stablecoin influx at the crypto exchanges in recent times. This could probably serve as a strong catalyst for the crypto market rally […]<\/p>\n","protected":false},"author":2,"featured_media":304018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-304017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/304017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=304017"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/304017\/revisions"}],"predecessor-version":[{"id":304021,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/304017\/revisions\/304021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/304018"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=304017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=304017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=304017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}