USDT capitalization exceeds $6 billion, and 5,500 BTC were moved to Binance

For the first time, Tether capitalization exceeded $6 billion

According to the level of capitalization, Tether stablecoin is on the fourth place among all cryptocurrencies. Only Bitcoin, Ethereum and XRP are ahead of it.

Most of the coins (about $4 billion) were issued on the ETH blockchain. Earlier, analysts noted that a slight delay in issuing new USDT tokens led to an increase in bitcoin price.

5,500 BTC moved to Binance

On March 29 and 30, two more transactions of 1,000 BTC were made to the Binance and Bitfinex platforms. In early March, when the price of bitcoin fell below $4,000, Whale Alert also registered large deposits on exchanges. Twitter users predict that selling so many coins will trigger a new drop in the price of the first cryptocurrency.



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