Is Bitcoin and Tether Still Circulating?219

The recent collapse of the cryptocurrency exchange FTX has raised concerns about the stability of the cryptocurrency market. One of the biggest questions on investors' minds is whether Bitcoin and Tether, two of the most popular cryptocurrencies, are still circulating. The answer is yes, both Bitcoin and Tether are still circulating, but their value has been significantly impacted by the FTX collapse.

Bitcoin is the world's largest cryptocurrency by market capitalization. It was created in 2009 by an unknown person or group of people using the name Satoshi Nakamoto. Bitcoin is a decentralized digital currency that is not subject to government or financial institution control. As of January 2023, there are over 19 million bitcoins in circulation, with a total market cap of over $360 billion.

Tether is a stablecoin that is pegged to the US dollar. This means that Tether's value is always supposed to be equal to $1. Tether is used by investors to store their cryptocurrency assets without having to worry about the volatility of the cryptocurrency market. As of January 2023, there are over 67 billion Tethers in circulation, with a total market cap of over $67 billion.

The FTX collapse has had a significant impact on the value of both Bitcoin and Tether. In the days following the collapse, the price of Bitcoin fell by over 20%. The price of Tether also fell, but it has since recovered to its peg of $1. The FTX collapse has also raised concerns about the stability of the cryptocurrency market as a whole. Some investors are worried that the collapse of FTX could lead to a wider sell-off in the cryptocurrency market.

Despite the concerns about the stability of the cryptocurrency market, both Bitcoin and Tether are still circulating. Bitcoin is still the world's largest cryptocurrency, and Tether is still the most popular stablecoin. However, the FTX collapse has had a significant impact on the value of both cryptocurrencies, and it is unclear how the market will recover in the long term.

2024-11-09

Previous：Shiba Inu Coin (SHIB): A Retrospective of 2020

Next：Dogecoin to $1: Is It Still Possible?