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The Ethereum network recently minted $991.9 million in ETH-backed USDT, boosting market confidence during a challenging period for Ethereum and Bitcoin. This significant Tether issuance hints at potential market maker activity aimed at buying the dip. However, uncertainty lingers as traders debate whether this move indicates a bullish setup or a precautionary liquidity measure amid ongoing market volatility. The total crypto market cap has dipped by over 4.4%, testing critical support levels and prompting caution among investors. 🌐📉
Ethereum Network Sees Nearly $1 Billion in USDT Coins – New Liquidity Amid Market Slowdown
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