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Bitcoin Price All-Time High Likely As Tether Mints $1 Billion USDT on Tron

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Summary
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64% Informative

Tether has minted $1 billion worth of USDT on the Tron blockchain network, marking its second major issuance in less than a month .

Historically, large-scale USDT minting has been linked to significant Bitcoin price rallies.

Bitcoin price has already climbed 1.53% to $ 106,750 , with daily trading volumes surging 18% to more than $41 billion .

Today ’s massive minting on Tron could serve as a massive liquidity boost, driving BTC price higher.

Further bullish momentum could come from an anticipated Bitcoin purchase announcement by Michael Saylor .

VR Score

43

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30

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44

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formal

Language

English

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39

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Time-value

short-lived

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