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2021-08-10Tether Added 1 billion USDTs on TRON Network
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Today’s Headline
According to Whale Alert, Tether added 1 billion USDTs on TRON network. In response, Tether chief technology officer Paolo Ardoino said the TRON network has replenished its inventory of 1 billion USDTs. Basically, this is an authorized but unissued transaction, meaning that the amount will be used as inventory for the next issue request and chain swap.
Bingbon Chart
Source: TradingView& Bingbon
A mood of optimism rose in the cryptocurrency market. Bitcoin rallied as high as $45,310 early Sunday, hitting its 144-day moving average of $44,600 before slipping. The weekend peak was Bitcoin’s highest level since its selloff wave began in mid-May. Bitcoin has rebounded more than 10% over the past five days, and is up 30% over the past month. Bitcoin’s rally meets resistance as price approaches $45,700. As mentioned before, BTC is standing above $42,000 now. However, it must break through the most important resistance level of $45,700 during this week. Otherwise, the crypto market will take a rest for a while.