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Crypto Traders on Alert As Tether Prints 150 Million USDT – BTC, XRP, Ethereum, Litecoin Forecasts

From dailyhodl.com

Tether, the company behind the leading stablecoin USDT, just printed $150 million worth of tokens. The move has grabbed the attention of crypto traders who are wondering if the controversial stablecoin could trigger yet another swing in the price of Bitcoin. Historically, when Tether prints USDT and sends it to cryptocurrency exchange Bitfinex, the price of Bitcoin goes up, indicating the tokens are being used to buy BTC. The price hike typically fuels demand, causing the price to spike. While Bitfinex and Tether are both owned by iFinex, Inc., Bitfinex has long denied that USDT is used to manipulate the price of ... (full story)

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  • Category: Fundamental Analysis