Bitcoin's recent surge past the $30,000 mark has caught the attention of the crypto community, but was there a hidden catalyst behind this rally? Our in-depth analysis reveals an intriguing correlation between the spike in TUSD's circulating supply and Bitcoin's price movement. As the TUSD supply increased by a staggering 56.5% in just a week, we dive into the possible implications of this surge on the market... Discover the role Binance played in this equation and how their strategic move may have contributed to the BTC/TUSD trading volume. Don't miss the full story behind Bitcoin's rally...
TUSD supply spiked ahead of Bitcoin’s $30K rally TUSD supply spiked ahead of Bitcoin’s $30K rally
Analyzing the correlation between increased TUSD supply and the price of Bitcoin
2 min read
Updated: Jun. 23, 2023 at 1:03 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.