CryptoPhoenix
vip

The Ethereum market has seen significant changes, with prices rising by 200 points in a short period. This sudden increase is directly related to Tether's issuance of 2 billion USDT on the Ethereum network. The issuance was completed through two transactions in the late night, injecting a large amount of liquidity into the market.



This move not only satisfies investors' demand for safe havens in a volatile market but also promotes the inflow of funds into the Ethereum ecosystem. As a result, the price of Ethereum has risen.

This issuance reflects the complex dynamics of the cryptocurrency market, particularly the important role that stablecoins play in influencing the prices of major cryptocurrencies. It also highlights the ongoing demand for liquidity in the market, especially during periods of price volatility.

As this additional USDT enters the market, investors and analysts are closely monitoring its potential long-term impact on the Ethereum ecosystem and the broader cryptocurrency market. This event once again proves that in the world of cryptocurrency, the movements of stablecoins often trigger significant market reactions.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
MagicBeanvip
· 15h ago
It really grew up by printing money.
View OriginalReply0
SeeYouInFourYearsvip
· 15h ago
Issuing coins is not being soft-handed.
View OriginalReply0
quietly_stakingvip
· 15h ago
Bull! Bull! It's a great harvest!
View OriginalReply0
StablecoinAnxietyvip
· 15h ago
Late night increase, just Be Played for Suckers.
View OriginalReply0
Ser_Liquidatedvip
· 15h ago
Suckers in the crypto world never give up.
View OriginalReply0
SchroedingerGasvip
· 15h ago
2 billion USD, the watering method has become innovative.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)