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Tether mints $1B USDT on Tron; 450M sent to HTX as stablecoin supply hits $67.3B—bullish signal for crypto markets.
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Bitcoin eyes $91K breakout amid rising demand; Ethereum withdrawals hint altseason 2025 may be closer than expected.
Leading stablecoins issuer Tether minted 1 billion USDT on Tron (TRX) network on Saturday, April 12, during the early Western financial markets. According to Paolo Ardoino, CEO Tether, the 1 billion mint is an authorized but not an issued transaction.
The rising confidence of Bitcoin as a long term investment suggests an imminent bullish breakout ahead. Changpeng Zhao, Binance Co-founder, believes BTC will hit $1 million catalyzed by nation-states.
From a technical analysis standpoint, BTC price has been forming g a potential falling wedge, which suggest a breakout towards the next target of between $86k and $91k. However, a retrace below $80k will delay the bullish sentiment in the near term.
Altseason When?
The demand for altcoin gradually increased in the past week, amid the rising supply of stablecoins. According to on-chain data, 453k Ethereum (ETH) units were withdrawn from crypto exchanges in the past week.
Market data from CryptoQuant shows the 30-day trading volume for altcoins against the respective stablecoins pair dropped below the yearly average, which has often coincided with an accumulation followed by bullish rebound.
The rising demand for Bitcoin in tandem with Gold, as investors watch the unfolding trade war between China and the United States, is a clear indication that the much anticipated altseason 2025 is much closer.
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