Bitcoin Price Surpasses $9,400 and Tether Issues 160 Million Coins
The Bitcoin price has surpassed $9,400 some days before the Bitcoin halving.
As Coinmarketcap reports, BTC price has increased for around 22% within 24 hours and reached more than $9,400 before Bitcoin halving, which will take place on 12 May. At the reporting time, Bitcoin is traded at over $9,198.
? ? ? ? ? ? ? ? ? ? 100,000,000 #USDT (100,050,700 USD) minted at Tether Treasury
— Whale Alert (@whale_alert) April 29, 2020
With Bitcoin price rise, stablecoin Tether (USDT), which is based on the United States dollar, has increased in supply.
Tether has issued over 160 million new tokens within the last 24 hours in 2 transactions, Whalebot Alerts reports.
The first $60 million Tether coins were issued when Bitcoin price was around $8,000 and the other $100 million USDT were issued before BTC price reached $8,500.
Whalebot Alerts has also tweeted some significant USDT movement from whales between Binance & OKEx. Within 12 hours, more than 90 million USDT were transferred from unknown wallets to the 2 exchanges, $85 million of which were sent to Binance.
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