Bitcoin Price Intraday Analysis: BTC/USD Goes Haywire as USDT Declines

Bitcoin Price Intraday Analysis: BTC/USD Goes Haywire as USDT Declines

Bitcoin on Monday pursued a fake upside action across several exchanges, mainly BitFinex, after stablecoin Tether (USDT) started falling. The BTC/USD responded to the upside action witnessed in the BTC/USDT market. USDT traders started exiting their positions amidst growing concerns about BitFinex’s insolvency and its impact on the coin’s liquidity. The more traders swapped USDT

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Posted by Yashu Gola on October 15, 2018 @ https://www.ccn.com/bitcoin-price-intraday-analysis-btc-usd-goes-haywire-as-usdt-declines/

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