Blackrock’s ETF Isn’t Pumping Bitcoin’s Price. TUSD is.by@MarkHelfman

Blackrock’s ETF Isn’t Pumping Bitcoin’s Price. TUSD is.

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Over 1 billion new TUSD tokens were minted out of nowhere on June 15–16, when Bitcoin’s price started its most recent pump from $25,000 to $30,000. The estimated leverage ratio—a metric that looks at the amount of money traders borrow on exchanges relative to the total amount of Bitcoins available for buying and selling—went up sharply over that same time.

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@MarkHelfman

Mark Helfman

Editor, Crypto is Easy newsletter. #1 writer, Medium. Bitcoin author, analyst, commentator.


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