A new report from the leading crypto analytics firm, IntoTheBlock, paints an optimistic view of the perennial appeal of Bitcoin. Around 5.1 million Bitcoin addresses, or close to 10% of all the addresses, have acquired in the range between the current value of Bitcoin and the all-time high of $72,500. That’s an important statistic, showing strong belief in the potential of BTC holders and investors about its bounce-back capability.

This is further evidenced by the fact that a large part of the crypto community believes in and supports Bitcoin, irrespective of what market movements look like. Not only does the data from IntoTheBlock evidence such persistent trust in the value of Bitcoin, but it also supports the long-term investment narrative over short-term volatility. Such signs make it easier for both existing and potential investors to reinforce a positive sentiment for Bitcoin’s future.

IntoTheBlock

Paolo Ardoino, the CEO of Tether, has responded in recent days to claims by Ripple’s Brad Garlinghouse that the U.S. government is going after Tether. In a post on social media platform X, Ardoino called Garlinghouse an “uninformed CEO” whose own firm is under scrutiny by the SEC. Ripple is looking to launch its own stablecoin—criticized by the SEC as an “unregistered crypto asset.” He also noted a number of robust compliance measures in place with Tether and partners, like blockchain analytics firm Chainalysis, in its work with global law enforcement.

The dispute has shown competitive tension in the crypto industry around Tether’s USDT, leading a $110.8 billion market cap as reported by CoinGecko. This is where Ardoino’s defensive tweet on behalf of Tether shows that the company is on the safe side from an operational perspective. And it has a way to make sure everything is in compliance with regulations, which reinforces confidence in wider cryptocurrency markets facing their own regulatory challenges.

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$1M – $10M MarketCap:

1. Caduceus (CMP): 90%
2. Crypto Hunters Coin (CRH): 27%
3. Convergence Finance (CVG): 26%
4. Media Network (MEDIA): 20%
5. BoringDAO (BORING): 16%

$10M – $100M MarketCap:

1. Kryptonite (SEILOR): 42%
2. MANEKI (MANEKI): 30%
3. OctaSpace (OCTA): 27%
4. Quantum Resistant Ledger (QRL): 24%
5. Augur (REP): 13%

$100M – $1B MarketCap:

1. MAGA (TRUMP): 23%
2. UMA (UMA): 11%
3. Oraichain Token (ORAI): 10%
4. Power Ledger (POWR): 8.1%
5. Ampleforth (AMPL): 8.0%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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