The flow of institutional money in all accounts is posted, and the purchase of Bitcoin is currently only a flow of USDT tokens.
The days when eager buyers maxed out their charge cards to buy Bitcoin may be over. In fact, even Korean markets have cooled. In any case, the exchange of profits – this time, is saved by the Tether (USDT) resource. At first glance, the value level of Bitcoin is encouraging, at $6,743.53. while the altcoins slide, Bitcoin maintains its position, and the strength of its value is extended again to 43.2% of aggregate market capitalization for all coins and tokens.
In any case, its purpose will be full of liquid tokens. The printing of USDT coincided with the rapid movement of Bitcoin starting in the middle of the year of 2017. However, for now, each infusion of USDT further causes excited buying through all others imaginable. that way. At the moment, newcomers are watching on the sidelines, or most have given up hope that there will be faster additions to be made in crypto. However, for committed brokers, using USDT is another source of income.
Despite the fact that more than 2.7 billion USDT have been generated, not every one of them has discovered their way to the BTC exchange. Recently, the offer of USDT to BTC exchanges has been close to less than 20%, with solid levels in the Japanese Yen, US Dollar, Korean Won, and several other currency standards. However, today, the picture is quickly changed, completed in the course of a few days.
As shown by the information from CryptoCompare, more than 54% of all BTC exchanges are Tether trades, due to the huge offer of the Bitfinex exchange. It seems that at the moment the crypto markets have moved to a stage where all the trades are inside, and the next years may see the costs move only because of the activities of crypto insiders , and non-institutional brokers from the conventional fund universe.
Half a month ago, Tether went to a bunch of altcoins – and now, it appears that the pick up has been transferred to Bitcoin. Although it certainly costs no matter how you look at it, it also means that for new buyers of Bitcoin, the offer once again for the benefit of fiat is, in fact, disturbing, and can’ g they get USDT tokens – which can, in principle, be reclaimed for money, however the method is moderate and has a penalty value.
Meanwhile, the TrueUSD (TUSD) crypto resource has seen its supply contract go from 88 million to 81 million tokens, which looks like the tokens have been minted and converted into cash. For TUSD, reverse trading should be simpler – however it also means pouring assets from the digital market.