Crypto Currencies started to decline following the latest Saylor acquisition announcement. BTC dropped to $92,586. The latest losses are not surprising, as we are used to such declines with MicroStrategy’s acquisition announcements. What really draws attention about cryptocurrencies is the fact that MSTR is not the only one buying.
Cryptocurrencies Last Minute
Issuer of USDT, the world’s largest stablecoin Tether It has been on the agenda with a European ban for a while. Months ago, we already knew that there would be problems in using USDT in the European region because it did not have MiCA permission. So this FUD is empty and there are so many alternative stablecoins in the EU that people can buy cryptocurrencies from. The effects of this FUD, which is easily speculated by investors who are not familiar with the process, are expected to disappear within a few days.
Coming to our main topic, the new purchase news announced by Anlcnc1 caused a slight recovery in the BTC price. At the time of writing bitfinex 7,629 from exchange’s hot wallet to Tether’s BTC reserve wallet BTC sent. This means that 705 million dollars of purchases were made.
Despite outflows in the ETF channel MSTR With the purchase made by , the total purchase amount announced today alone is worth almost 1 billion dollars. Tether has approximately $7.6 billion worth of BTC. The final purchase may be officially announced in the coming minutes.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
