Archive | increase

Total Supply of Tethers Increases By 20% in One Week

The controversy surrounding the correlation between the release of new Tethers (USDT) and dramatic price spikes led by Bitfinex trading continues. 20 million new USDT were released shortly before a single market buy of approximately $13.5 million USD worth of bitcoin was executed on the 8th of November. The sudden spike in buying pressure quickly […]

Bitcoin Breaks $5,000 and Reaches New All-Time High

Bitcoin has been struggling over the last couple of weeks, with considerable volatility influencing the value of the cryptocurrency. However, thanks to rising investor interest, another rally occurred Thursday morning which pushed Bitcoin to a new all-time high. Bitcoin hits all-time high of $5,144 The newest all-time high according to CoinDesk is well above the previous ATH of US$5,013 reached back […]