Why Tether’s Gold-Backed aUSDT Is Good Business Idea-Analyst
Will Woo said that Tether’s gold-backed aUSDT gives an average gain of 8% profit, making it an attractive asset over time. Tether, a stablecoin issuer, introduced its gold-backed stablecoin Alloy (aUSDT) on Monday, June 17. This synthetic dollar is overcollateralized by Tether Gold (XAUt). This launch is a component of Tether’s ongoing endeavor to broaden […]
BTC Price Falls Below 50-DMA to One Month Low, More Downside?
Bitcoin price corrections have resulted in huge outflows from spot Bitcoin ETFs in the last week. On Monday, the total outflows from ETFs exceeded $200 million. Bitcoin (BTC), the world’s largest cryptocurrency, has experienced further selling pressure, resulting in a 1% decline and a move closer to $65,000. The BTC price is currently trading at […]
Peter Schiff Claims Hedge Funds Betting on MSTR Could Crash Bitcoin
Peter Schiff warns that hedge fund trades against MicroStrategy (MSTR) could destabilize Bitcoin. Notable critic Peter Schiff has raised concerns about the potential market manipulation by hedge funds as Bitcoin (BTC) continues to struggle to maintain its momentum, with its price trading sideways for more than three months. Schiff suggests that these financial institutions may […]
Bitcoin ETF Sees $200M Outflow as BTC Price Drops
The U.S. Spot Bitcoin ETF had an outflow of over $190 million on June 14, suggesting the ongoing risk to Bitcoin’s price, with analysts providing key insights into its price trend. On June 14, the U.S. Spot Bitcoin ETF experienced a turbulent week, which led to a substantial outflow of nearly $200 million. The exodus was […]
Crypto Prices Today: BTC & ETH Continue Bearish Movement While NOT Rises 20%
Today’s crypto prices have remained slow, as BTC and ETH struggle with market volatility, while altcoins mirror the fading price trend. The crypto prices have continued to trade at a sluggish pace today, with Bitcoin (BTC) declining near the $65K mark and Ethereum (ETH) remaining below $3,500. However, the day’s top gainers, Notcoin (NOT) and […]