Bitcoin Price Recovers to $8,200 as Tether Hack Makes Markets Volatile

[duola9527]

hello,everybody,The bitcoin price has recovered above $8,200 after careening significantly in the wake of the Tether hack.

[legenduim]

Well I do not see any connection between these two events. Bitcoin has jumped to over $8,200 not because of the hack that happened with Tether. People again started to believe that soon it will grow up to $10, 000, and it will happen before this year ends.

[kalymist]

I found this discord havin good tip and signals

https://discord.gg/dHcwD4w

[fatenmo]

Ofcourse it will recover, billionaire investor Novogratz also said it will recover and reach an all time high of $10K before the end of the year!

[pugman]

wow,The bitcoin price has recovered above $8,200 after careening significantly in the wake of the Tether hack.

I know right, the hack did play a small role in the price of rise back again, but a lot of users don't know what exactly happened at the same time. Some are wondering by when the price go to 10,000$  ,they want to sell and buy at a cheaper price. Some are waiting for altcoins to go up because they don't want to hold it for a long time.

[Ctn]

Yeah it has got thousands of reason to be on the top of everything I guess so its not new news for the bitcoin itself. The prices are laws volatile and depend on the news like this, the hacks, the country dropping the idea of bitcoin, the people around the globe making bigger moves into bitcoin and much more. Everything here is profoundly arranged and ready to pop in the first place. Everything thus affects the prices and gives the wavy fluctuation and thus we see volatility arising in the market all the time. :-)


The prices for now are going down and I’m seeing some red zones coming over next few hours. Just hope that this doesn’t start up the chain reaction of selling or what we call it in the easy way the panic sell should not get triggered. :-) If that not happing then our bitcoin is fully recovered.

[tomahawk9]

wow,The bitcoin price has recovered above $8,200 after careening significantly in the wake of the Tether hack.

Well, even though we saw a dip (around -4%) last tuesday that went on for a few hours before a surge in the price, I wouldn't say the Tether hack had a significant impact in the btc price so it's not surprising to see a recovery. If anything, the Tether hacked helped the btc price to reach a new ATH this week ($8300). But hopefully the Tether hack won't have an impact in the long-term.

If anyone's interested, the tether team released an official statement on their official website.

[Pab]

Yes 10k is possible if CME will ge tregulatory approval,but if Bitfinex and Tether will fail than it could be problem.Notice Bitfinax and Tether owners are same persons.It is enough proves that both are just on big Ponzi.Many proves has been found by Paradise Papers journalists,be careful

[topesis]

I have said it, that Bitcoin is going to hit that psychological price level of $10k, I remember when people were comparing BTC and Gold price now, it has left Gold far behind, Bitcoin is the new Gold and I will continue to be bullish on the price till the next halving

[Raegorl]

The tether hack impact on the market was very minor, Bitcoin dropped around 6% but recovered fully (and some more) within a couple hours. Im hopeful they'll sort this tether mess in the near future, because things could get uglier if they keep messing up (or showing signs of being insolvent).

[Sanglotslongs2]

The tether hack impact on the market was very minor, Bitcoin dropped around 6% but recovered fully (and some more) within a couple hours. Im hopeful they'll sort this tether mess in the near future, because things could get uglier if they keep messing up (or showing signs of being insolvent).

It's not finish for me. Tether gain a lot of attention recently, and it's not clear what bitifinnex do with this crypto. What is the point to have tether if you can't withrawal for USD ? If Tether are print and not backed by USD then it's money paper and there is nothing worst than that.