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Bitcoinist 2019-06-11 17:00:10

Bitcoin Price: Does New Tether Market Cap ATH Suggest BTC is Next?

It’s common knowledge in the crypto market that the circulating supply of Tether (USDT) has a direct impact on Bitcoin price. So with Tether’s market cap spiking to a new YTD-high right now, should we expect BTC to follow closely behind? Let’s take a look. Bitcoin/ Tether Analysis In the chart above drawn by Bitcoinist’s senior analyst, Filb Filb, we can see a direct relationship between Bitcoin’s price and Tether’s market capital – particularly overRead MoreThe post Bitcoin Price: Does New Tether Market Cap ATH Suggest BTC is Next? appeared first on Bitcoinist.com.

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