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Cryptocurrency News Articles
Meme Coin Bull Run Frenzy Amid Tether’s $7B Printer
Nov 16, 2024 at 12:35 am
Just one month ago, the market was valued at $172 billion, reflecting a demand for approximately $9 billion in stablecoins over the last 30 days.
The stablecoin market has surged to $181 billion, fueled by Bitcoin and the broader crypto market’s historic rally. Just a day ago, Tether (USDT) minted an additional $1 billion USDT, following a $2 billion issuance three days prior. In total, Tether has minted $7 billion USDT since November 6.
This influx of USDT has sparked renewed interest in the crypto market, supporting the ongoing bull run. Bitcoin, for example, recently reached a new all-time high of $93,500, having rallied roughly 40% in the last two weeks from $66,800. The leading cryptocurrency has been setting new peak values almost daily, intensifying since Donald Trump’s U.S. presidential election this month.
As Bitcoin hovers above $90,000, the pathway to the highly anticipated $100K milestone appears more attainable than ever.
Meme Coin Bull Run Frenzy Amid Tether’s $7B Printer
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- Hardware Wallets & Crypto Security: Navigating the Shifting Sands of Digital Custody in NYC
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- DeepSeek Invests Big in Robot Brains with Ex-Tencent Scientist's Startup
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- DeepSeek is leading a seed round for Winverse AI, a robotics startup founded by an ex-Tencent scientist, signaling a major push into real-world AI applications and a competitive move in the robotics space.
