Analyst Markus Thielen has revealed the “secret key” to the Bitcoin (BTC) bull. While the cryptocurrency market has experienced major volatility, over $2.5 billion worth of stablecoins have been issued by stablecoin providers such as Tether and Circle in the past week. 10x Research suggests that if this increase continues, we could see a new wave of increases in Bitcoin prices.
Markus Thielen, principal researcher at 10x Research, emphasized that this increase in stablecoin issuance could be a critical factor for Bitcoin’s next big move. Thielen stated on August 14 that approximately $2.8 billion worth of stablecoins were issued by Tether and Circle in the past week. He said that this situation indicates that some institutional investors are investing new capital in the cryptocurrency market.
According to Thielen, if this upward trend in stablecoin issuance continues, Bitcoin prices could see an upward movement. Bitcoin is currently fluctuating between $58,000 and $62,000 after falling to $55,000 on Aug. 9.
However, Thielen noted that the Consumer Price Index (CPI) report alone will not be enough for Bitcoin to break through the resistance level between $60,000 and $61,000.
On the other hand, Tether minted $1 billion worth of Tether tokens on August 13. However, Tether CEO Paulo Ardoino explained that this was done for inventory purposes and was not released immediately. Tether’s market value has increased by nearly $1 billion in the past week, reaching a record $115.6 billion.
FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.
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THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE ESPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.
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So who can benefit?
Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.
I EXPLAIN IN DETAILED.
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Go to the Futures Section from your application,
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My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.
The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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WHEN WILL THE REWARD COME?
Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.
You can share this post with your friends in need so that they can also benefit from it.
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