Bitcoin Markets to Be Fueled by $30 Million USDT Movement

[cheezcarls]

$30 million worth of USDT has been moved from the Tether Treasury to the Bitfinex trading platform, likely in an attempt to float the Bitcoin price.

Bitcoin markets have been in disarray, registering four consecutive weeks in the red. The most painful one for traders was last week when Bitcoin’s price tumbled from $8500 to $6900. At every subsequent drop, traders might have hoped for a relief rally, however, Bitcoin continued its descent and touched the $6500 mark at the open on Monday.

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