Tether’s USDT Stablecoin Breaks $60B Market Cap – May 25

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $37,275

Bitcoin price pushed as high as $39,842 yesterday in an extended recovery, only to retreat back to the $37,000 mark once again overnight.

Top-20 altcoins have also continued to recover, as Ethereum gains another 7%, XRP rises 8% and Ethereum Classic jumps 35%.

Top Stories for May 25, 2021 πŸ”₯

πŸ‘‰ Tether’s USDT Stablecoin Breaks $60B Market Cap

Tether’s USDT stablecoin market cap has broken $60 billion, for the first time in history. The milestone comes as 6 billion new USDT tokens have been minted in the last month alone, according to data from Whale Alert.

Over the past year, Tether’s market cap has increased by 580% and is now ranked as the third largest cryptocurrency, behind only Bitcoin and Ethereum.

πŸ‘‰ Billionaire Fund Manager Ray Dalio Says He Holds Bitcoin

Billionaire fund manager Ray Dalio, founder of Bridgewater Associates, has revealed that he owns Bitcoin in a conversation with CoinDesk.

Dalio says that he would currently rather own Bitcoin than bonds, claiming that the US dollar is on the verge of a level devaluation not seen since 1971.

Bridgewater is the world’s largest hedge fund, managing over $100 billion in assets.

πŸ‘‰ Elon Musk In Talks With Bitcoin Miners Re. Renewable Energy

Elon Musk says he has spoken with Bitcoin miners in North America regarding renewable energy, according to a Tweet by the Tesla founder today.

The miners have committed to publishing a plan for renewable energy usage, along with disclosing their current methods of obtaining renewable energy. A “Bitcoin Mining council” may arise arise from the meeting, promoting sustainable mining.