Tether address buys 8888 Bitcoins again
PANews reported on April 1 that on-chain data showed that the address marked as Tether purchased another 8,888 Bitcoins at 1:21 a.m. today, with a transaction amount of approximately US$630 million. The address’s total holdings have now reached 75,354.08 Bitcoins, which is approximately $5.34 billion based on current market capitalization. It is worth noting that Tether also purchased 8,888 Bitcoins three months ago, with the transaction value at that time being $380 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC delays Teucrium 2x Short Daily XRP ETF registration to October 2026
HYPE climbs to $82 as whale stakes $26 million, platform burns $2.65 million
Goldman Sachs Latest Assessment: Rising Interest Rates ≠ U.S. Stocks Falling, Earnings Growth Is the Key to a Bull Market
Goldman Sachs believes that high interest rates are a headwind for the stock market, but not a force to end the bull run. The 30-year US Treasury yield soared to 5.3%, but historical data shows that the average return of US stocks 12 months after a rate hike is as high as +9%. Corporate balance sheets are at their strongest level in 20 years, and AI investments and ongoing merger waves continue to boost profit expectations. It is expected that the S&P 500 earnings per share will reach $340 in 2026, a 24% year-on-year increase.
TAO holds key $230 support as Bittensor ecosystem development continues