Bitcoin Hits $76,200 as Tether Issues $2B in USDT, Boosting Market Sentiment

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Bitcoin Hits $76,200 as Tether Issues $2B in USDT, Boosting Market Sentiment - Coinpedia

Quick Summary:

Furthermore, Gold investors are now turning to Bitcoin as a hedge factor following the re-election of Donald Trump earlier this week.

The fear of further cryptocurrency selloff in the near term has significantly diminished as Bitcoin (BTC) price closed the daily candle above $75.6k for the first time since its inception.

Notably, this injection follows Tether Treasury minting 2B $USDT on #Ethereum and burning 1B $USDT on #Tron… pic.twitter.