RATE Group | Cryptocurrency News Today – Headlines for April 19
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Cryptocurrency News Today – Headlines for April 19

19 Apr Cryptocurrency News Today – Headlines for April 19

Posted at 11:12h in Cryptocurrency News by

  • USDT market cap rises to $7 billion amid global pandemic
  • USD pegged stablecoins experienced growth in the last quarter
  • Bitcoin struggles to break the resistance level

Cryptocurrency News Today – Despite the overall bear market, stablecoins have managed to reinforce their position in the crypto ecosystem. Tether (USDT) a top ten stablecoin and the largest in the world, reached a new milestone in market capitalization. This stablecoin reportedly reached the milestone on Saturday, April 18. The market cap of USDT successfully touched $7 billion.

Tether (USDT) Price Today – USDT / USD

USDT Strives Despite Global Pandemic

The massive boost in USDT price is surprising because of the fear and panic caused by COVID-19. The global pandemic has affected the overall cryptocurrency market. The largest digital currency by market cap suffered huge losses as well.

As Tether market cap reaches $7 billion, it stands as the only stablecoin with the capability. No other stablecoin has come close to that…

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