The cryptocurrency market is experiencing renewed bullish momentum after a period of stagnation. Over the past week, Bitcoin has shown resilience, hovering around $58K with minimal volatility.
However, the leading cryptocurrency recently broke out, reaching a daily high of $61,400 on Tuesday. This marks a 6.1% increase from the day’s low of $57,864.
Tether’s Latest $1B Liquidity Fuels Bitcoin’s Rally
This bullish market sentiment follows Tuesday’s recent minting of a massive $1 billion USDT stablecoin by the Tether Treasury. This substantial injection of stablecoins suggests a fresh wave of liquidity flooding into the market.
The development has captured the attention of the crypto community, with many commentators humorously remarking that “the printer has come.” Analysts have likened Tether to the Federal Reserve of the crypto world, noting that each time more USDT is minted, the market tends to respond with bullish price action.
The last $1 billion USDT minting occurred on August 13, when Bitcoin briefly reclaimed the $61K level before experiencing a pullback. Over the past year, Tether has issued over $33 billion in stablecoins, with the Tron network receiving the largest share—$19 billion USDT.
DigiHorse (DIGI) Attracts High-Value Investors
Amid this bullish wave, DigiHorse (DIGI) has emerged as a standout contender in the crypto space. The DigiHorse presale is capturing the attention of high-value investors, drawn by the platform’s innovative AI-powered NFTs that evolve and adapt over time.
These digital racehorses, central to the DigiHorse ecosystem, offer users the ability to purchase, breed, and race unique NFT horses while earning real-world rewards through the platform’s play-to-earn model.
The ongoing presale has been particularly successful, with 450 million DIGI tokens available at a favorable rate starting at $0.003333 in Stage 1, with prices projected to rise to $0.075 at listing.
DigiHorse is poised to launch on several centralized and decentralized exchanges, including at least two top-tier platforms as it continues to build momentum. This, along with partnerships with significant gambling companies, positions DigiHorse as a market disruptor in the burgeoning NFT and gaming sectors.
As the broader market benefits from Tether’s latest liquidity injection, DigiHorse is set to gallop ahead, solidifying its place as a leading player in the crypto ecosystem.
For more details and to participate in the presale, please visit the official links:
Twitter: https://x.com/DHorseEmpires
Telegram: https://t.me/DigiHorseEmpiresOfficial
Website: https://digihorseempires.io
Presale: Join Now
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2024/08/fresh-1b-usdt-minted-bitcoin-surges-as-digihorse-digi-attracts-high-value-investors