Tether Invests $40-50M in Ledn, Expanding Bitcoin Lending Market
- Strategic Investment: Tether's investment in Ledn, ranging from $40 million to $50 million, values Ledn at $500 million, marking a strategic partnership aimed at expanding Bitcoin-backed credit services in the market.
- Market Expansion: This investment will support Ledn in launching new products and entering new markets, as leveraging Tether's capital aims to improve the efficiency of USDT flows in global operations, thereby enhancing its competitive position.
- Financial Resilience: Tether CEO Paolo Ardoino emphasized that this collaboration not only promotes Bitcoin-backed credit but also strengthens individual self-custody, fostering the long-term role of digital assets in a more inclusive global financial system.
- Industry Trend: This investment underscores the growing ties between stablecoin issuers and Bitcoin-backed lending services, reflecting a shift towards asset-backed credit models in crypto finance, which may influence future regulatory discussions.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36100.923 | 48050.461 | 60370.943 | 72320.481 | 84640.963 | 96590.501 | 108910.983 |
| Fibonacci | 48050.461 | 57321.609 | 63049.334 | 72320.481 | 81591.629 | 87319.354 | 96590.501 |
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