Bitcoin price exceeds $9,000 for the first time in two months, and Tether issues 160 million USDT

2 min readApr 30, 2020

Bitcoin price exceeds $9,000 for the first time in two months

The price of the first cryptocurrency continued to climb — in two days the coin went up by 22%, rising to the level of $9,420.

Since the March sales, BTC has risen by 140%, and the last time Bitcoin was above $ 9,000 at the end of February. Other cryptocurrencies are also in positive territory: on March 13, Ethereum was trading at around $86, and today its price exceeded $227, having risen 2.64 times. Bitcoin SV added 6.54% in value in a day, Bitcoin Cash — 3.38%, XRP went up by 2.32%.

The total cryptocurrency market capitalization increased to $260 billion.

Tether released 160 million USDT amid BTC price rise

On April 29, Tether “printed” another 160 million USDT tokens — after which Bitcoin updated its two-month price peak.

Around the same time, Binance received 50 million USDT from an unknown address. The total market capitalization of stablecoins approached $10 billion, amounting to $9.68 billion — since early February, the figure has grown by 70%.

Three quarters of stable coins were issued on the Ethereum blockchain, 13.9% on Omni, 11.1% on Tron. At the same time, Tether accounts for 82.8% of the market.

Survey: two-thirds of Europeans believe in the future of cryptocurrencies

BitFlyer Europe, the European division of the Japanese exchange, conducted a survey among 10,000 residents of the European Union. It turned out that 66% of respondents believe that cryptocurrencies will continue to exist in 10 years.

The greatest loyalty to the crypto market was shown by the citizens of Italy (72%), Poland and the Netherlands (70%). People who believe in the future of cryptocurrencies the least are the British, however, 56% of people answered positively there as well.

The average figure grew by 3% compared to a survey conducted a year ago, which indicates the gradual adoption of cryptocurrencies, according to bitFlyer Europe.