Tether, a leading stablecoin issuer, recently minted 1 billion USDT on the Tron (TRX) network. This transaction, which took place on April 12, was confirmed by Paolo Ardoino, the CEO of Tether. However, it is important to note that this minting is authorized but not yet issued, meaning that the amount will be used for future issuance requests and chain swaps.
In addition to this, 450 million USDT were transferred from Tether’s treasury to the HTX exchange just a few hours ago. This move comes as the supply of stablecoins on the Tron network has seen a significant increase, rising from $58.5 billion on January 1, 2025, to around $67.3 billion on April 11, 2025.
On the other hand, the Bitcoin price seems poised for a bullish breakout. Market data from CryptoQuant indicates that the balance of highly active Bitcoin addresses has been replenished in the past two quarters, despite bearish sentiment. This renewed confidence in Bitcoin as a long-term investment has experts like Changpeng Zhao, the Co-founder of Binance, predicting a price target of $1 million, driven by nation-states.
From a technical analysis perspective, Bitcoin’s price has been forming a potential falling wedge pattern, suggesting a breakout towards the next target range of $86k to $91k. However, a retrace below $80k could delay the bullish sentiment in the short term.
As for altcoins, there has been a gradual increase in demand over the past week, accompanied by a rise in stablecoin supply. Data shows that 453k Ethereum units were withdrawn from crypto exchanges recently. Furthermore, the 30-day trading volume for altcoins against stablecoins has dropped below the yearly average, typically signaling an accumulation phase followed by a bullish rebound.
The escalating demand for Bitcoin, coupled with traditional safe-haven assets like Gold, amid the ongoing trade tensions between China and the United States, indicates that the much-anticipated altseason of 2025 may be on the horizon.
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