Bitcoin (BTC) has hovered mostly sideways in the past few weeks, moving away from the previous bullish trend. Now, BTC is still searching for a direction, with mixed predictions seeing either another rapid climb, or a slide to lower valuations.
BTC trades on relatively lower volumes of $17 billion’s equivalent, of which around 65% belong to the pairings with Tether (USDT). BTC activity is still widely distributed on Asian exchanges, where stablecoins have significant influence.
The BTC price rally stopped around the time new USDT minting slowed down, for a total supply of 4.043 billion coins. Currently, Tethe...