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Tether Denies Bitcoin Sell-Off; BTCUSD Rebounds on CEO Clarification

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The Story

News Summary

  • Tether's CEO denied claims the firm sold Bitcoin for gold, clarifying transfers to an affiliate and confirming net BTC holdings rose; Tether reported strong Q2 profits and healthy reserves, reaffirming its bullish stance on Bitcoin.
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78642.51 +19.37% over the displayed period

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