Tether trading half the market cap in 24 hour, what is going on ??

in #trading7 years ago (edited)

Tether trading half the market cap in 24 hour,......

tether.png

From following the news of the cryptocurrency world i heard that we will see further drop in the bitcoin prices until we hit 2500 $ Then it will begin the rais again...

So i opened my exchange site and market coin cap to buy some teather so when the price hit lowest i can buy and enjoy the ride rising to gloria's 5000 $ for bitcoin again.
and when i opened the tether page in market coin cap i sow that every one was thinking the same

--> $217,039,000 in 24 hours is not small and rising 25 % of the market cap in 5 days is big.

So do really am i walking in the right direction?

thanks for you all.
and have a nice day.

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nice insight

thanks

وفقك الله يا صديقي شكرا على المعلومات♥3

thanks my brother

Good question. People are scared BTC is trapped in a bearish trend so instead of selling outright or moving BTC into an exchange, they're using Tether. This is likely the direct result of Chinese controls on exchanges.

thanks for clearing this point.

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