Tether has been publishing periodic accounting reports to the public after reaching a settlement with the New York Attorney General’s office in February 2021.
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Tether has been publishing periodic accounting reports to the public after reaching a settlement with the New York Attorney General’s office in February 2021.
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“If Bitcoin were to catch up to Ethereum’s performance this year, the No. 1 crypto’s price would approach $100,000,” believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence.
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Even as Bitcoin trades almost 35% below its previous record high of about $65,000, long-term investors have not contributed actively to its decline.
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Indicators suggest that Bitcoin is looking to repeat the October 2020-like rally that sent the prices from $10,000 to $65,000.
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Bitcoin’s breakout above $43,000 puts the price at a multi-month high and possibly reignites the bull market that traders have been anxiously awaiting.
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$42,000 is becoming an increasingly important battleground for Bitcoin bulls and bears.
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British YouTuber KSI blames “over leveraging” for his previous loss of $9.74 million (£7 million) in crypto investment.
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Securing a close above $40,000 will give bullish pro traders a sizeable advantage in Friday’s $625 million BTC options expiry.
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Hopes of an eventual BTC ETF approval and a rebound off a key support level pushed Bitcoin price well above the $40,000 level, but can the bulls sustain the current volume?
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