Today in crypto, Tether mints an addiitonal $3 billion USDt, non-fungible tokens (NFTs) are on track to close November with strong momentum, and TYMIO founder Georgii Verbitskii predicts a $180,000 Bitcoin price by the end of 2025.
Tether mints additional $3B USDt amid historic Bitcoin rally
Tether minted an additional $3 billion in USDt stablecoins on November 23, as investor interest in the crypto markets surged amid a historic Bitcoin price rally.
Onchain data shows the stablecoin firm minted $2 billion USDt on the Ethereum network and an additional $1 billion on the Tron network in successive transactions.
Source: Arkham Intelligence
Investors and traders use stablecoin volume and the amount of newly minted stablecoins as a proxy for market sentiment and trading volume.
High volumes of newly minted stablecoins are seen as a sign of heightened investor interest, and low volumes may indicate that there is little investor appetite for current market conditions.
NFTs record $158 million weekly sales volume, led by Ethereum, Bitcoin
Non-fungible tokens (NFTs) maintained a relatively strong weekly sales volume despite a slight decline compared to last week’s surge.
On Nov. 24, NFT data tracker CryptoSlam showed that digital collectibles had a solid week, recording a sales volume of about $158 million over the last seven days. The data shows a 12.7% decrease compared to the week before when digital collectibles recorded $181 million in weekly sales volume.
Despite the slowdown, the weekly volume is still well above its record at the start of November. From Nov. 4–10, NFTs had a weekly sales volume of only $93 million, reflecting a 69% increase from earlier in the month.
Leading networks by sales volume in the last week. Source: CryptoSlam
Ethereum maintained its lead for weekly NFT sales volume. The network recorded $49 million in sales, a 25.9% drop compared to last week. Bitcoin ranked second, with $43 million in sales, down 29%.
The Solana network maintained its ranking as the third highest in sales volume for digital collectibles. The network recorded $23.9 million in weekly sales, a 9% drop compared to the…
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