Bitcoin is on track for its best month in a year. $5 billion USDT growth fuels the rebound
Crypto

Bitcoin is on track for its best month in a year. $5 billion USDT growth fuels the rebound

CoinDesk·2h ago·Positivity

What Happened

Bitcoin surged above $77,000 on Friday, up 13.6% in April, marking its strongest monthly performance in a year. The rebound follows crypto's longest losing streak since 2018. Tether stablecoin supply jumped $5 billion to nearly $150 billion recently, signaling increased capital inflow to cryptocurrency markets amid recovering U.S. equity markets.

Key Entities

BitcoinTetherUSDTS&P 500NasdaqCoinGlass

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