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

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$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 🔥

👉 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.

👉 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.

👉 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.