Tetherboy is on the move again!

[cheezcarls]

$30 million worth of USDT has been moved from the Tether Treasury to the Bitfinex trading platform, likely in an attempt to float the Bitcoin price.

Bitcoin markets have been in disarray, registering four consecutive weeks in the red. The most painful one for traders was last week when Bitcoin’s price tumbled from $8500 to $6900. At every subsequent drop, traders might have hoped for a relief rally, however, Bitcoin continued its descent and touched the $6500 mark at the open on Monday.

Read the full news here

Another day, another move by Tetherboy!

So they say that the Bitcoin price will regain a bit after moving USDT from the treasury to Bitfinex? For me, no matter what they do, it is not going to be easy for them for making the price of Bitcoin floating for good.

There is no such guarantee that this move alone would likely make the market rally again. Correct me if I’m wrong though.

What do you guys think about this $30 million USDT move to Bitfinex? I’m looking forward in hearing about your opinions on this one. Thanks in advance!

[MATHReX]

Well, $30M USDT may look like a small amount but if it's used properly.
It'll help to gain momentum in price and that's all it's required to push a bullish trend.