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  4. Bitcoin Back Above $30,000 as Tether Holds Strong Under Redemption Pressure
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Bitcoin Back Above $30,000 as Tether Holds Strong Under Redemption Pressure

By Geoffrey Smith AiVIF.com -- The price of Bitcoin leaped back above $30,000 on Friday at the end of what had threatened to be its worst week in four years. By 3:10 AM ET...
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Bitcoin Back Above $30,000 as Tether Holds Strong Under Redemption Pressure © Reuters

By Geoffrey Smith

AiVIF.com -- The price of Bitcoin leaped back above $30,000 on Friday at the end of what had threatened to be its worst week in four years. 

By 3:10 AM ET (0710 GMT), the world's biggest crypto asset was up 13% on the Bitfinex exchange at $30,510, having fallen as low as $26,600 on Thursday. That was its lowest since December 2020.

The rebound was due largely to the easing of concerns about Tether, the world's largest stablecoin network, which had dipped over 6% at one stage on Thursday amid concerns about the quality of its backing.

Tether rebounded to trade within a whisker of its 1:1 peg with the dollar in early trading in Europe Friday after its chief technology officer Paolo Ardoino reassured investors that over half of its reserve is held in liquid, risk-free Treasury bills. The amount held in short-dated commercial paper, which does carry credit risk, has fallen in recent weeks, Ardoino said. He didn't give any granular details about the credit quality of the CP part of the reserve.

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01-05-2024 10:45:17 (UTC+7)

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 Lufthansa6.714Neutral
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 Deutsche Bank AG15.010Neutral
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Cập nhật 01-05-2024 10:45:19
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ↀ Giá vàng thế giới
$2,285.72-47.5-2.04%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.44025.940
RON 95-III24.91025.400
E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
DO 0,001S-V21.32021.740
Dầu hỏa 2-K20.68021.090
ↂ Giá dầu thô thế giới
WTI$80.83+3.390.04%
Brent$85.50+3.860.05%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD25.088,0025.458,00
EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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