Tether Allocating Part of Its Profits To Buy Bitcoin, Currently Holds $2,400,000,000 in BTC: Report

Tether, the leading stablecoin issuer, has reportedly accumulated $2.4 billion worth of Bitcoin and has made over $1 billion in profits from its BTC investments. On-chain analyst EmberCN, with a substantial following on Twitter, revealed that Tether currently holds 57,576 BTC purchased at an average cost of $22,480 per Bitcoin. The announcement comes as Bitcoin,…

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Elon Musk Confirms ‘Progress’ On Wild X Crypto Rumors—Triggering A Dogecoin Price Surge To Rival Bitcoin, Ethereum And XRP

Bitcoin and cryptocurrencies are experiencing a sudden surge as the market prepares for potential price chaos on Wall Street. The price of bitcoin has soared to $45,000 per bitcoin this week, more than doubling throughout 2023, and boosting the price of other cryptocurrencies such as ethereum, XPR, and dogecoin. Elon Musk, the billionaire behind Tesla,…

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