USDT has surged to a market capitalization of $83.2 billion, successfully recuperating all the losses suffered since the collapse of the blockchain project Terra over a year ago.
Coin Even latest news, images, analysis about Web2 days ago · Follow the crypto ecosystem with our crypto events calendar. All major blockchain and cryptocurrency events listed. Updated daily.
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Bitcoin and Cryptocurrency Prices Expected to Decline in Anticipation of an Impending Liquidity Shock, Analysts Warn
Analysts suggest that the recent boost in risk assets, including cryptocurrencies, due to improved liquidity conditions this year is likely to reverse once the U.S. debt ceiling is lifted and the Treasury, along with the Federal Reserve, resumes their tightening measures.17
Investors were eagerly anticipating the House vote on the debt limit deal, which was set to take place on Wednesday.12
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The crypto debates have become progressively more polarized and politicized, exemplified by a recent CoinDesk article highlighting a contentious mining facility in New York.18
Amidst the scarcity of verifiable information, a group of cryptocurrency enthusiasts are proactively making moves.19
The recent hedging activity of market makers, who consistently take the opposite side of investors' trades, appears to have effectively maintained price stability within a narrow range.20
The miner stands to earn up to $75 million in management fees for the Celsius mining rigs over a span of five years, making it a highly lucrative venture.16
Bitcoin remains stagnant, inching closer to marking its first month of decline in 2023. Meanwhile, Ether experiences a slight increase but appears poised to end May in the red as well.17