All rights reserved. Looking at the 4-Hour BTC/USD chart we can see further confirmations that promising bullish momentum is building behind bitcoin, despite its sideways trajectory. This contradiction is a very bullish signal that BTC buyers are growing stronger and supports the idea that a breakout may happen soon. The lower base support at $7,535 will also be a vital level in the short-term for propping up BTC price during this critical time. Another critical aspect was Tether’s transaction daily, which has experienced a rapid rise to rival Bitcoin. In the chart above drawn by Bitcoinist’s senior analyst, Filb Filb, we can see a direct relationship between Bitcoin’s price and Tether’s market capital – particularly over the last 10 months (blue and green lines respectively). Historically, Tether’s USDT serves as a leading indicator of Bitcoin’s price. Spanish. Advertise with us Industry News The total worth of the stablecoin market is a figure well above $10 billion following the massive adoption it has enjoyed in previous weeks. Crypto Portfolio Tracker. Follow the price of USDT, market cap, chart, value history, and other data. Blockchain News He is keenly interested in blockchain and cryptocurrency and their global adoption. Even though Bitcoin has a very massive market cap compared to Tether, the important aspect is the trading volume. Tether, the most dominant stablecoin, registered a surge of $4.8 billion in its market cap, an increase of 17% since 1 January. I've become completely addicted to the fintech space since getting involved with cryptocurrencies at the start of 2017. A sloping resistance level (yellow line) has played a key role over the last two weeks in holding down bitcoin price from printing a new high. About Tether Coin. Blockchain News Then, it coincidentally managed to recover almost exactly a month ahead of Bitcoin’s rebound off the bottom in December. Tether (USDT) Price Live Statistics. If this theory is anything to go by, one can argue that Bitcoin’s market cap should be around $7 million. Then, it coincidentally managed to recover almost exactly a month ahead of Bitcoin’s rebound off the bottom in December. It’s common knowledge in the crypto market that the circulating supply of Tether (USDT) has a direct impact on Bitcoin price. The post Tether’s market cap tops $50 billion, supply on … For updates and exclusive offers enter your email. The two moving averages on the MACD indicator have also been trending up well, and are close to breaking above the signal line. Algorithm, price, market cap, volume, supply, consensus method, links and more. For now, however, we can see that the asset still remains range bound between the 0.382 and 0.236 Fibonacci levels. Privacy Policy A new report predicts Tether could surpass Ether’s market cap by the end of next year, paving the way to mainstream adoption of stablecoins and central bank digital currencies (CBDCs). Lift your spirits with funny jokes, trending memes, entertaining gifs, … Tether, and most stablecoins, have been continuously minting new coins to cope with increasing demand from merchants. Tether reached its highest price on January 17, 2018, when it was trading at its all-time high of $ 1.07. [Disclaimer: The views and opinions of the writer should not be misconstrued as financial advice. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Tether’s 65% market cap increase coincides with bitcoin’s price gain for 2019 beginning with the April Fools rally. By continuing to use this website you are giving consent to cookies being used. This contradiction is a very bullish signal that BTC buyers are growing stronger and supports the idea that a breakout may happen soon. Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology. But it doesn't stop at store-of-value. If we take a look at October last year, we can see that Tether’s market capitalization began to rapidly decline ahead of the November bear market that sent BTC packing over 50%. With Tether growing rapidly, many crypto enthusiasts have been hoping to figure out what it spells for Bitcoin. When not busy with writing, he can be found hobnobbing in forums with the best minds in crypto, both developers and startup founders. Ripple News Tether price today is $1.00 with a 24-hour trading volume of $227,400,841,406.USDT price is down -0.4% in the last 24 hours. © 2021 Cryptopolitan. Dash Price, About Write for us Let’s take a look. BCHBitcoin Cash. Privacy Policy An item is not a store of value unless it has a network so powerful that it’s in nobody’s interest to not believe in the claim. While other digital assets were declining rapidly, the total amount of Tether in supply was increasing significantly. Since then, I've helped setup many newcomers to the market and built up a varied portfolio. In April alone, Tether Treasury printed a total of almost $1.59 billion worth of USDT. The opposite of this description fits Tether for being a better store of value. Exchange News The USDT price is down -0.08% in the last 24 hours. Find out the Tether price (USDT to USD, EUR, GBP). What’s also intriguing about this relationship right now is that USDT market cap has been rising parabolically over the last 5 weeks as BTC price has climbed and then became rangebound between the $7,535 and $8,150 levels. Looking critically at their market cap, Bitcoin is miles ahead of Tether in that aspect, so how could Tether be a better store of value that Bitcoin? At the time of writing this article, Tether’s market cap is over 2 billion dollars. The accusations have not had much effect on Tether’s price or market capitalization, which has continued to rise.However, they have created a market … Bitcoin News What Tether growth spells for Bitcoin. Regulation News Token Analyst had previously stated that historically, on days where USDT ERC20 is minted, 70% of the time the price of Bitcoin moves up in 19-27 days. It has a circulating supply of 58 Billion USDT coins and a max supply of 57.9 Billion. Tether boasts a trading volume that stands at around $33 billion compared to Bitcoins trading volume, which is $24 billion. Check out live cryptocurrency rates on our cutting-edge financial platform. In the past year, tether’s market capitalization has risen from $4.2 billion to a whopping $25 billion. Even though Bitcoin is presently enjoying its upward trend in the market, USDT has witnessed a rise in user inflow in the past few months. See the value of Tether in USD and other popular fiat and cryptocurrencies. Presently, Bitcoin boasts of a market cap valuethat stands at $215 billion. According to a crypto influencer, he noted that Tether is now banking the digital assets market. Scam News USDT $ 0.999608 Binance News Bitcoin Price Wednesday, April 28th 2021 . Tether boasts a trading volume that stands at around $33 billion compared to Bitcoins trading volume, which is $24 billion. According to analysts at JPMorgan, the bitcoin market could face severe liquidity shock if traders were to lose faith in tether (USDT) – a stablecoin widely used to fund cryptocurrency purchases. Bitcoin News A sloping resistance level (yellow line) has played a key role over the last two weeks in holding down bitcoin price from printing a new high. Presently, Tether’s daily figure count shows a value not less than $33 billion with Bitcoin just a little above it in a 30-day window. So with Tether’s market cap spiking to a new YTD-high right now, should we expect BTC to follow closely behind? $0.9998970000 +0.37%. Contact In that time, BTC has risen to even go beyond $9,100. For now, however, we can see that the asset still remains range bound between the 0.382 and 0.236 Fibonacci levels. The study shows that on days when USDT ERC 20 is minted, the Bitcoin price rose in 19 out of 27 cases (70 percent). Tether (USDT) costs 0.99995383571123 now. Visit our, 3 key elements instrumental to Tether’s rapid rise. Another question that would be asked is which digital asset is a better store of value in the crypto market. If buyers fail to defend this level, then we could potentially see Bitcoin fill the CME gap that we looked at last week in a previous analysis. For prices above $20000, the T … Tether vs. Bitcoin: Which is a better store of value? Bitfinex is the current most active market trading it.. What is Tether? If we start to see candles close above this level, it will likely be an early signal to traders that BTC/USD has entered into a new bullish phase and has broken out of its downtrend. Aurix Chain Ecosystem Solves Problems of Crypto Mainstream Adoption, Nutritional Holdings and the cannabis cryptocurrency go separate ways, The Simplicity Of Money Transfer On Aurix, Crypto for humanity: $800,000 ETH raised for child with leukemia, CBDCs can coexist with conventional cryptocurrencies according to Steami’s CEO, Dogecoin to go blank after hitting $1 – Mark Cuban, Cardano Price Prediction 2021, 2023, 2025, Chia: The new cryptocurrency that promises better performance than Bitcoin, SpaceX enables Dogecoin payment, ready to push coin to $1, India wants to study crypto regulations in a panel, India to rethink stance on cryptocurrency. Scam News We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies. Cookie Policy Contact Unlike Ethereum’s stagnant market cap performance, Tether performed well from last year until today. Compare the two cryptocurrencies Bitcoin (BTC) and Dogecoin (DOGE). If buyers fail to defend this level, then we could potentially see Bitcoin fill the CME gap that we looked at last week in a previous. Algorithm, price, market cap, volume, supply, consensus method, links and more. USDT Price Live Data. Woo explained that, based on some findings by crypto experts, it shows that if one dollar is spent on Bitcoin, it automatically adds 25 dollars to the digital assets market value. Tether’s market share on leading spot exchange Binance has especially grown considerably. Sitemap, Guides Similarly, the BTC price rose on 12 of … Noting this increase, Tether might be well on its way to take Bitcoin’s spot. What’s also intriguing about this relationship right now is that USDT market cap has been rising parabolically over the last 5 weeks as BTC price has climbed and then became rangebound between the $7,535 and $8,150 levels. Tether USDT Market Capitalization. Compare the two cryptocurrencies Bitcoin (BTC) and Tether (USDT). Terms and Conditions Presently, Bitcoin has seen its market break the resistance figure to rest on a little above $11,000. This website uses cookies. If this is the case, we could expect to see the number one cryptocurrency break towards a new YTD-high over the next few weeks – that is, if the one-month lag phenomenon repeats. Binance Coin price prediction: Binance Coin briefly breaks to $280, prepares to regain loss? Avid crypto trader and analytical writer, with a Bachelor of Law from Bangor University. Looking at the 4-Hour BTC/USD chart we can see further confirmations that promising bullish momentum is building behind bitcoin, despite its sideways trajectory. Visit our. Buy gift cards/mobile Top Ups with Cryptos. Source: TradingView.com “There has been a significant increase in crypto buying power, and such power has not been reflected yet on the price actions,” noted TradingShot. As a result, the worth of economic value that was pushed up through Tether increased rapidly. Industry News Research News Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. If we take a look at October last year, we can see that Tether’s market capitalization began to rapidly decline ahead of the November bear market that sent BTC packing over 50%. The bitcoin market can sometimes feel chaotic and incomprehensible, but there are often fundamental drivers behind the cryptocurrency’s price. Tether (USDT) is a cryptocurrency token built on top of OMNI platform, launched in June 2014. This similar positive market performance only goes to reinforce the belief that USDT exerts some influence on … Statistics. King Kamsi is a fintech and digital currency writer and enthusiast. But because it is estimated that 30 percent of Bitcoin total supply is static, the influence of USDT on prices is big. In the chart above drawn by Bitcoinist’s senior analyst, Filb Filb, we can see a direct relationship between Bitcoin’s price and Tether’s market capital – particularly over the last 10 months (blue and green lines respectively). Tether market cap Screen capture - coinmarketcap.com This staggering increase of over $4b of new Tethers implies that someone paid $4b into Tether to purchase Bitcoin … Cardano News, About The stablecoin has seen an enormous expansion since then … I consent to my submitted data being collected and stored. Tether’s market cap has grown to $25 billion, and the token currently sits at #3 on coinmarketcap’s list of the largest cryptocurrencies in existence. Although, if Ethereum 2.0 deploys successfully in the future, this might have a huge positive impact on ETH’s price as well as its overall market cap. If we start to see candles close above this level, it will likely be an early signal to traders that BTC/USD has entered into a new bullish phase and has broken out of its downtrend. Ethereum Price Got a Story tip? Tether (USDT) Price Live Statistics. Advertise with us Write for us Terms | Privacy, This website uses cookies. Some market analysts believe that the issuance of Tether is being used to prop up the price of Bitcoin, and by extension the entire crypto market. The Tether price prediction sentiment is currently bearish. Tether on the Rise. Since that period, Tether had never looked back but has witnessed considerable growth between that time and now. When the supply of Tether expands, it might indicate that investors are actively hedging, leaving an abundant supply of capital ready to enter the crypto market. Comment Policy The current CoinMarketCap ranking is #6, with a live market cap of $57,755,098,565 USD. While the second seems to the popularity and the seeming success enjoyed, the third is that investors choose to use stablecoins to hold Bitcoin. Leading stablecoin and the fourth-largest digital asset according to market capitalization, Tether, aims to convert cash into cryptocurrency to pull it close to the values of various vital currencies. Charles Edwards, a digital asset manager, pinpointed the increasing supply of Tether as a catalyst for Bitcoin. BitStarz Player Lands $2,459,124 Record Win! Play Now! USDT, as mentioned previously, is a conduit into the cryptocurrency scene. Tether price today is $1 USD, which is up by -0% over the last 24 hours. Email Contact@Cryptopolitan.com, Guides A year later, tether market cap grew over 115% from $1.9 billion to $4.1 billion on January 5, 2020. Comment Policy Cardano Price Live Tether Price: USDT Coin Market Cap. Tether’s market cap tops $50 billion, supply on Tron surpasses Ethereum. The flagship cryptocurrency has seen its market stagnate in previous weeks, trading around the $10,000 to the $10,500 mark. Could you be next big winner. Sushiswap price prediction: Sushiswap briefly drops to $10.5, rejects back above $14, Solana Price Prediction: After hitting a new all-time high at $58.4, SOL retraces. Bitcoin-USDT Market Cap correlation. Source: Skew. According to Token Analyst, the study shows how Tether contributed to the Bitcoin rally in 2019. According to experts, three key elements have been instrumental to Tether’s rapid rise, with the first being investors choosing to hoard more of the digital asset indicated by a rush for the US dollar. Taking a cursory look at what Tether growth means for the Bitcoin market, an analyst posted on Twitter last month that the critical changes in Tethers market capitalization have been responsible for Bitcoins price surge over the years. What we can infer from this is that Tether’s meteoric rise could soon start to have another impact on Bitcoin price. Exchange News I can observe that the BTC-USDT pair had around 20 % more trading volume (T Ratio =1.2) when the BTC price oscillated between $5000–10000. Regulation News In the chart above drawn by Bitcoinist’s senior analyst, Filb Filb, we can see a direct relationship between Bitcoin’s price and Tether’s market capital – particularly over the last 10 months (blue and green lines respectively). The two moving averages on the MACD indicator have also been trending up well, and are close to breaking above the signal line. Presently, Tether has displaced Bitcoin to cement its stay at the top of the table when it comes to the most transacted currency in the public blockchain. On several occasions, Tether’s circulating supply (represented by its market capitalization) has proven that it has a delayed magnet-like effect on Bitcoin’s price whenever it rises or falls. It was recentlyannouncedthat Tethers market capitalization had grown way over $10 billion, which is two times its previous market cap when the year started. Tether price today is ฿31.14 USD, which is up by 0.01% over the last 24 hours. Cookie Policy Tether (USDT) Price for today is $1.00, for the last 24-hours 245,643,021,050 USDT's were exchanged with a trade volume of $245,988,856,239.It's currently traded on 79 exchange(s) and has 1000 active market(s), the top two exchange pairs are yearn.finance & weth. Editorial Policy Woo noted that the fiat amplifier that emanates from the liquidation of assets was responsible for the difference between the real market cap and the value shown. The market capitalization of Tether (USDT) stablecoin has crossed the $50 billion mark. At the time of going to press, USDT has a market cap of $4 billion. Going by history, we can associate the present Bitcoin boom to the swift increase in Tethers market capitalization. BTC $ 9,485.38 $ 174.64 B $ 21.85 B: 18.41 M: 1.48%: 3: Tether. Even though Bitcoin has a very massive market cap compared to Tether, the important aspect is the trading volume. Bitcoin may soon be pushed to the side by Tether to become the most dominant digital assets on public blockchains. Looking at it from a wider angle, some experts believe that Tether could upset Bitcoin to become the reserve currency of the digital assets market. BTC/USD price vs. Tether market capitalization. Going by the words of a famous Bitcoin enthusiast, Willy Woo, Tether’s value is in correlation with the US dollar, he feels it stores value more than Bitcoin. Crypto Portfolio Tracker The Tether price is currently $ 1.00 with a 24-hour trading volume of $ 242.83B across 138 exchanges. Editorial Policy The live Tether price today is $0.999986 USD with a 24-hour trading volume of $168,379,958,903 USD.. Tether is down 0.01% in the last 24 hours. The lower base support at $7,535 will also be a vital level in the short-term for propping up BTC price during this critical time. For disclosure, the writer holds Bitcoin at the time of writing. Tether is currently among the most widely traded products of the cryptocurrency industry, and its current trading volume is the second biggest after Bitcoin. An important thing to note here is that although Tether’s market cap has increased, Bitcoin’s price has been sulking in the $6,000 to $7,500 region for quite some time now. During this same period, Bitcoin’s price jumped 34%. By mid-2028, bitcoin's market cap will overtake gold's market cap, demonstrating that it is the best store-of-value asset for a digital-first world. ], Images courtesy of Shutterstock, Tradingview.com. Expect Bitcoin in the number one spot and Tether second by market capitalization before 2022. ... Home/News/Cryptocurrencies/ Tether Sets Record in USDT Market Cap Following High Bitcoin Price … On the RSI, the indicator line has been making visibly higher lows while the price has remained flat. During the March 12 price decline, dubbed “Black Thursday,” which saw the price of key assets falling to half its price. Going by records, Tether has now set a new record by being the first Stablecoin to reach that milestone figure. Terms and Conditions Will Tether Drag The Entire Crypto Market Lower? Research News Ethereum News On several occasions, Tether’s circulating supply (represented by its market capitalization) has proven that it has a delayed magnet-like effect on Bitcoin’s price whenever it rises or falls. On the RSI, the indicator line has been making visibly higher lows while the price has remained flat. Ethereum News Discover the magic of the internet at Imgur, a community powered entertainment destination. A reason behind the absence of a Bitcoin’s price surge may be because USDt tokens are authorized, but are not issued. English Spanish. Live Tether Price vs Bitcoin: USDT Stablecoin Market Cap + Trading Volume # Coin Price Marketcap Volume (24h) Supply Change Last 24h; 1: Bitcoin. Bitcoin Cash Price Strange. ... USDTTether. Bitcoin is currently trading under $9,000. Its supply on Tron has surpassed Ethereum. However, an important fact to note is that Tether has shown over time that it is a crucial element in the crypto space. Strange. By continuing to use this website you are giving consent to cookies being used. Recently Bitfinex/Tether got lots of attention again due to CFTC subpoena and following huge price dip, but many people don’t understand how market capitalization actually works, so …
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