The cryptocurrency market leader is poised for its greatest monthly performance in a year, with a 13.6% increase in April. With an additional $5 billion in the last two weeks, the supply of Tether's USDT, the biggest and most popular stablecoin, has risen to little under $150 billion.
According to a crypto analyst, the Bitcoin price remains firmly in a bear trend and could be preparing for another major crash to new lows. Using a wave structure, the expert mapped out BTC's price action during this bearish phase, outlining how he sees the current market developing and where he believes the next downside move could lead.