Tether Injects $1.8B into Exchanges, Fueling Bitcoin’s Surge to $76K

Quick Summary:

Tether, the stablecoin firm behind USDT, injected a massive 1.845 billion USDT into exchanges on the Ethereum blockchain network, which may be one reason why the price of Bitcoin (BTC) skyrocketed in the past 24 hours and reached a new all-time high at $76,000.

According to a post on X (formerly Twitter) by Spot On […]

The post Tether Injects $1.8B into Exchanges, Fueling Bitcoin’s Surge to $76K appeared first on Coin Edition.

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Article Details

Author / Journalist: Anisha Pandey

Category: Crypto

Markets: India

Topics: Market Coinbase Tether (USDT) Market News Stablecoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 07:15:17 (2 weeks ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 131 words

Reading Time: 1 minutes read

Sentences: 46 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23458403

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