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Bitcoin is the first world crypto that was introduced in 2008. Its emergence pushed the creation of many other crypto projects. Now BTC is one of the leading digital assets in the world, and it is traded almost with all existing cryptos, including the most popular stablecoins, for example, BTC USDT. The daily trade volume of Bitcoin reaches $24 billion as of June 2022.
What Affects Bitcoin Price?
Let’s find out what influences the Bitcoin rate. Here are a couple of factors to consider:
- Bitcoin price depends on supply and demand. Mining this asset is becoming more complicated over time because it requires more computer power, electricity, and expenses to mine one BTC. With the increasing difficulty of mining, Bitcoins grow in value.
- The price of the asset also depends on many external factors. It can be the world’s economical processes and legal regulations.
As of the end of June 2022, the BTC rate is $20. Now that we found out what are Bitcoins, let’s switch to Tether (USDT).
What is Tether?
Tether crypto was represented in 2014. The coin was developed on the top of the Bitcoin blockchain. This asset is backed by a dollar at a 1:1 ratio. That means the USDT price is always about one dollar.
BTC to USDT Trading
BTC USDT crypto pair is one of the most popular pairs on all crypto platforms since BTC is the most popular crypto asset and USDT is the strongest crypto backed by the dollar. Often people exchange BTC for USDT to hedge risks when the market is unstable. It helps crypto holders save their investments.
The BTC USDT price may change a little during the day and it opens many opportunities to make a profit.
Use only credible and popular exchanges for trading. The WhiteBIT platform is definitely worth your attention, for it’s the largest crypto exchange in Europe, operating legally and offering vast earning opportunities along with low fees.