Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: Paha87 on January 09, 2020, 02:59:59 AM

Title: The reason for the growth of bitcoin may be the issue of $500 USD
Post by: Paha87 on January 09, 2020, 02:59:59 AM

(https://storage.googleapis.com/telesite-prod/photos/ade95500-31f5-11ea-b1b8-838f5dd9980c.jpeg)

On the night of January 6 to 7, the capitalization of tether stablecoin increased by $500 million, this may be the key reason for the growth of bitcoin above $8,000. Twitter is already writing that a new bull rally was launched in this way.

(https://storage.googleapis.com/telesite-prod/photos/3cbfa590-31f6-11ea-b1b8-838f5dd9980c.jpeg)

Despite the fact that Tether strongly denies manipulating the price of bitcoin by issuing new usdt coins. When comparing the charts of BTC price and usdt capitalization, there are obvious dependencies. This time, after $500 million in USDT appeared on the market, bitcoin rose in price from $7,600 to $8,300.

Also note that this is the first major issue of USD, starting from the summer of 2019.

The original article here - https://coinpost.ru/p/prichinoj-rosta-bitkoina-mozhet-byt-vypusk-dollar500-usdt

Title: Re: The reason for the growth of bitcoin may be the issue of $500 USD
Post by: Alcor on January 09, 2020, 07:18:30 AM

I do not see any relationship between the increase in the capitalization of USDT and the increase in the price of bitcoin. In my opinion, these events are not even externally connected with each other. Why is now Bitcoin again dropped in price slightly below $ 8,000? After all, the capitalization of USDT has not decreased.

Title: Re: The reason for the growth of bitcoin may be the issue of $500 USD
Post by: Goodcat49 on January 09, 2020, 09:06:02 PM

That's how Tether is manipulating crypto market, an easy but effective way