Considering the volatile nature and the present condition of the market, it is safe to say that the sudden bump in the price of Bitcoin is nothing unnatural. This kind of bump is normal in the market and there is nothing to panic about.
That was a bump that has happened because of USDT only and it does not have anything much to do with the general market except for the fact that people have decided to start dumping USDT and one way or the other it is just going to implode unless they allow themselves to be audited and can clarify to the whole world that they are legitimate and as long as they keep hiding from that, there will always be problem. There are safer and better alternatives that have come up and those that are coming up such as TUSD and USDC, with quite some other few which I believe would really give the USDT a blow eventually.
Dont forget there also other who are gaining popularity right its Gemini USD many inventors are now joining in because of the security and insurance that the company promise for holders and investors like fixed price of the coin to all other cryptos.
Just the usual creepy activities we get to see with tether. It is really becoming annoying as we get to see things like this happening with tether and the team as far as I am concerned are dubious and this is one thing I know one way or the other would cause some pain for the holders who are busy not getting to know what is going on around them but are just busy hedging in USDT. What happened was USDT almost imploding, which is one thing I know would happen eventually and in that case, we will get to see people dump it pretty fast and what we are seeing now is what we would see eventually for the tether pairs?
