Bitcoin Poised for Further Losses After Two-Day Plunge Wipes Out More Than $100B
Even after a price plunge of more than $10,000 over the past couple days, analysts see further selling ahead.
The stablecoin's price in dollars surged during the recent market correction to the highest since the "Black Thursday" sell-off in March 2020.
The amount of tether on the Tron blockchain has exceeded that on Ethereum.
The new composition report is part of Tether’s efforts to stay in compliance with a settlement with the New York Attorney General.
It’s slated to become the first stablecoin to launch on Polkadot.
Bitcoin analysts say this week's quick market rebound might be due to Chinese retail buyers buying the dip, using the stablecoin tether.
A sharp drop in OKEx’s trading volume and stablecoin reserves – tether in particular – may reveal an ongoing exodus of its users after the popular crypto derivatives exchange unexpectedly halted all crypto withdrawal activities for about five weeks.