Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Ethereum sees $ 205 million inflow after Pectra Upgrade Sparks Investor Confidence

2025-05-20

Milei closes Libra Task Force and investigates ties with its administration

2025-05-20

Ethereum: What you need to know about the 10-year low exchange stock of ETH

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Will Tether’s Latest Strategy Boost BTC Prices? This report suggests…
Bitcoin

Will Tether’s Latest Strategy Boost BTC Prices? This report suggests…

2023-05-19No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • Tether is said to regularly allocate up to 15% of its monthly income towards the purchase of Bitcoin.
  • Tether’s market share of BTC volumes recovered after a 2022 crash.

The latest investment strategy from stablecoin issuer Tether [USDT] to buy Bitcoin [BTC] of realized gains, according to Digital Asset Manager CoinShares, was expected to drive up the price of the King Coin.

Coinshares stated that large one-time purchases like Tether’s invariably affect the price. However, it was still unclear how much BTC could win.

Tether’s decision to buy and regulatory arbitrage are likely to support Bitcoin’s pricehttps://t.co/rUSZvfty7F

— James Butterfill (@jbutterfill) May 18, 2023


Realistic or not, here is the USDT market cap in BTC terms


Estimation of the magnitude of the impact

Tether’s planned purchase of Bitcoin was part of its approach to increase and diversify reserves to support the USDT stablecoin. The company said it would regularly allocate up to 15% of its monthly revenue — about $75 million as estimated by Coinshares — to purchase BTC starting in May.

As obvious as it may seem, $75 million is insignificant compared to BTC’s monthly trading numbers, which go into the trillion and half trillion dollars. However, Coinshares supported the price increase theory using data from the Fund Flows report.

According to data, there was a weekly price increase of 2.3% when weekly fund inflows were between $10 and 20 million. While there were instances where these deductions were incorrect, prices rose in more than 60% of cases.

Tether looks confident

Meanwhile, Tether’s market share in BTC volumes, which had been squeezed by Binance’s zero-fee policy in 2022, rebounded remarkably. This implied that the company could continue to be profitable in the short term and the monthly purchase of BTC will continue without interruption.

Source: CoinShares

USDT made a blockbuster run in 2023 with a strong increase in valuation over the past three months. According to Glassnode, the market cap of the dollar-pegged stablecoin was $82.85 billion, making it the third-largest cryptocurrency and the largest stablecoin by market capitalization.

See also  The Bitcoin price forecast of the analysts from March is set, here is the rest

USDT’s market cap recovered from losses since May last year, the stage before the dreaded 2022 bear market.

With BTC, Tether aims to boost its reserves, which have shrunk significantly year-over-year (YTD) according to data from Santiment.

Source: Glassnode


Read Bitcoin [BTC] price forecast 2023-24


BTC drops below $27k

Meanwhile, BTC’s move into the $27,000 zone was short-lived as the king coin fell back to $26,000. At the time of publication, BTC was valued at $26,813.84, down 2% in the past 24 hours, according to data from CoinMarketCap.

The Open Interest (OI) for Bitcoin futures registered a drop of nearly 3% in the past 24 hours, according to Coinglass. The OI is down more than 9% in the past month as traders balked at speculative bets on BTC’s price movement.

Source: Coinglass



Source link

boost BTC Latest prices report strategy Suggests Tethers
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum sees $ 205 million inflow after Pectra Upgrade Sparks Investor Confidence

2025-05-20

Buy Bitcoin, throw the benches away before it’s too late – Kiyosaki

2025-05-20

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

2025-05-20

Bitcoin goes for business in Indonesia with $ 100 million treasury shift

2025-05-20
Add A Comment
Leave A Reply Cancel Reply

Top Posts

How an exclusive dinner caused an increase of 200% in the chain transactions

2025-04-29

Can Bitcoin double its current price?

2023-10-29

FTX CEO Says Embattled Exchange Ready for Bankruptcy Plan That Will Extinguish FTT Token Claims

2023-08-02
Editors Picks

Tether’s new and exciting investment strategy

2023-05-18

Chubby Penguins Crush Amazon Debut, Sells Over 20,000 Toys

2023-05-20

Is Terra Classic [LUNC] on the verge of a 567% breakout?

2024-09-12

Tether Partners with the FBI and Department of Justice to Remove $1,400,000 in USDT from Crypto Wallet

2024-03-13
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Ethereum sees $ 205 million inflow after Pectra Upgrade Sparks Investor Confidence

Milei closes Libra Task Force and investigates ties with its administration

Ethereum: What you need to know about the 10-year low exchange stock of ETH

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,606.450.95%
  • ethereumEthereum(ETH)$2,509.670.25%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.35-1.21%
  • binancecoinBNB(BNB)$650.03-0.12%
  • solanaSolana(SOL)$167.410.88%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2249900.72%
  • cardanoCardano(ADA)$0.740.27%
  • tronTRON(TRX)$0.2688631.19%
  • suiSui(SUI)$3.902.04%
  • chainlinkChainlink(LINK)$15.62-0.65%
  • avalanche-2Avalanche(AVAX)$22.552.07%
  • stellarStellar(XLM)$0.2871340.52%
  • hyperliquidHyperliquid(HYPE)$25.97-1.73%
  • shiba-inuShiba Inu(SHIB)$0.000015-0.15%
  • hedera-hashgraphHedera(HBAR)$0.1943571.12%
  • unus-sed-leoUNUS SED LEO(LEO)$8.822.25%
  • bitcoin-cashBitcoin Cash(BCH)$392.850.40%
  • the-open-networkToncoin(TON)$3.081.93%
  • polkadotPolkadot(DOT)$4.672.00%
  • litecoinLitecoin(LTC)$93.84-4.58%
  • moneroMonero(XMR)$350.132.67%
  • bitget-tokenBitget Token(BGB)$5.15-0.71%
  • pepePepe(PEPE)$0.000013-1.49%
  • piPi(PI)$0.752.76%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • aaveAave(AAVE)$259.138.13%
  • uniswapUniswap(UNI)$5.92-0.09%
  • bittensorBittensor(TAO)$416.172.22%
  • nearNEAR Protocol(NEAR)$2.801.72%
  • aptosAptos(APT)$5.13-0.54%
  • okbOKB(OKB)$51.96-0.73%
  • ondo-financeOndo(ONDO)$0.942.02%
  • kaspaKaspa(KAS)$0.1106023.49%
  • internet-computerInternet Computer(ICP)$5.241.22%
  • ethereum-classicEthereum Classic(ETC)$18.35-0.56%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.787.70%
  • gatechain-tokenGateToken(GT)$21.46-0.46%
  • crypto-com-chainCronos(CRO)$0.0967660.99%
  • mantleMantle(MNT)$0.753.25%
  • vechainVeChain(VET)$0.0283761.62%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231849-0.11%
  • render-tokenRender(RENDER)$4.621.52%
  • ethenaEthena(ENA)$0.3745633.38%
  • usd1World Liberty Financial USD(USD1)$1.00-0.07%
  • algorandAlgorand(ALGO)$0.2231550.76%
  • filecoinFilecoin(FIL)$2.850.24%
  • arbitrumArbitrum(ARB)$0.3916370.79%
  • bitcoinBitcoin(BTC)$106,606.450.95%
  • ethereumEthereum(ETH)$2,509.670.25%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.35-1.21%
  • binancecoinBNB(BNB)$650.03-0.12%
  • solanaSolana(SOL)$167.410.88%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2249900.72%
  • cardanoCardano(ADA)$0.740.27%
  • tronTRON(TRX)$0.2688631.19%
  • suiSui(SUI)$3.902.04%
  • chainlinkChainlink(LINK)$15.62-0.65%
  • avalanche-2Avalanche(AVAX)$22.552.07%
  • stellarStellar(XLM)$0.2871340.52%
  • hyperliquidHyperliquid(HYPE)$25.97-1.73%
  • shiba-inuShiba Inu(SHIB)$0.000015-0.15%
  • hedera-hashgraphHedera(HBAR)$0.1943571.12%
  • unus-sed-leoUNUS SED LEO(LEO)$8.822.25%
  • bitcoin-cashBitcoin Cash(BCH)$392.850.40%
  • the-open-networkToncoin(TON)$3.081.93%
  • polkadotPolkadot(DOT)$4.672.00%
  • litecoinLitecoin(LTC)$93.84-4.58%
  • moneroMonero(XMR)$350.132.67%
  • bitget-tokenBitget Token(BGB)$5.15-0.71%
  • pepePepe(PEPE)$0.000013-1.49%
  • piPi(PI)$0.752.76%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • aaveAave(AAVE)$259.138.13%
  • uniswapUniswap(UNI)$5.92-0.09%
  • bittensorBittensor(TAO)$416.172.22%
  • nearNEAR Protocol(NEAR)$2.801.72%
  • aptosAptos(APT)$5.13-0.54%
  • okbOKB(OKB)$51.96-0.73%
  • ondo-financeOndo(ONDO)$0.942.02%
  • kaspaKaspa(KAS)$0.1106023.49%
  • internet-computerInternet Computer(ICP)$5.241.22%
  • ethereum-classicEthereum Classic(ETC)$18.35-0.56%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.787.70%
  • gatechain-tokenGateToken(GT)$21.46-0.46%
  • crypto-com-chainCronos(CRO)$0.0967660.99%
  • mantleMantle(MNT)$0.753.25%
  • vechainVeChain(VET)$0.0283761.62%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231849-0.11%
  • render-tokenRender(RENDER)$4.621.52%
  • ethenaEthena(ENA)$0.3745633.38%
  • usd1World Liberty Financial USD(USD1)$1.00-0.07%
  • algorandAlgorand(ALGO)$0.2231550.76%
  • filecoinFilecoin(FIL)$2.850.24%
  • arbitrumArbitrum(ARB)$0.3916370.79%