Bitcoin, Privacy Coins Rise Amid Trump-Powell Tension; Tether Freezes $182M USDT
According to The Block's newsletter, Bitcoin and privacy coins experienced gains amidst escalating tensions between Trump and Powell. In other news, Tether has reportedly frozen $182 million in USDT. Additionally, a specific strategy made its largest purchase in six months, according to the newsletter. The cryptocurrency market is influenced by macroeconomic factors and geopolitical events, as demonstrated by the reaction to the Trump-Powell conflict. Stablecoins like USDT are subject to regulatory scrutiny and control, as evidenced by Tether's asset freeze.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.