Tether Beats Historical Records in Terms of Trading Volume

According to the CoinMarketCap website, over the past 24 hours, the trading volume of the most popular stable coin has recorded a new historical maximum – about $10 billion.

Against this background, Bitcoin also shows positive dynamics: its volume during the last 24 hours is about 11 billion US dollars. It is worth noting that the last time such a value was recorded on April 25 of last year, but it is important to understand that on that day the rate of the first cryptocurrency was $9,750.

https://twitter.com/DataLightMe/status/1108759137565970434

According to analysts from the agency DataLight, the Tether project has been often criticized recently. The main claim to this stable coin is not fully confirmed reserves. But if we take into account the above-presented trading volumes, then it appears that everything is okay with the USDT reserves.

The growing indicator of Bitcoin and Tether trading volumes is a positive sign, which may mean a further increase in the value of cryptocurrencies.

Source: https://coinmarketcap.com/currencies/bitcoin/

But despite this positive dynamics, we can see that over the past 24 hours the BTC rate has decreased by 1.23%. As of this writing, it is $4,036, although yesterday it was approaching a new resistance line of $4,100.

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