The wonders of the stock market: why the Bitcoin on Bitfinex is more expensive by as much as $ 300?
Source:
After the Tether has encountered problems with security tokens, the price of Bitcoin in relation to the USDT has grown substantially in a short period of time. The growth of the main cryptocurrencies have followed the stop input of the Fiat on Bitfinex exchange. As a result, the difference in price between BTC Bitfinex and other exchanges exceeded $ 300.
theTether leaves the market
Just ten days Tether capitalization fell from 2.8 to 2 billion dollars. About $ 800 million holders of a token exchanged for other cryptocurrencies. While the majority of investors are willing to buy it for their USDT .
More recently, BTC was trading at Bitfinex in the area of 6730 dollars, while Coinbase coin value did not exceed $ 6440. Analyst at Greenwich Associates Richard Johnson tried to explain this phenomenon.
As most of the traders on Bitfinex are holding Tether instead of the dollar, they must pay more for the cryptocurrency. In other words, holders Tether lost 5 percent of their cryptoperthite only because of the fall of the so-called «stablein».
After the suspension of deposits in Fiat representatives Bitfinex questioned whether recent events a sign of the bankruptcy of the exchange. The leadership of the exchanger has not confirmed this information. The same view is held by co-founder and analyst CoinShedule Alex Michaelis.
I don't think Bitfinex will disappear. We met with them last week and he made quite a different impression. I think now most traders just panicked and rapidly changing USDT BTC, pushing the price even lower stablon.
image Source.
Recall that Tether in the last year has caused a lot of suspicion among cryptoendoliths. Partner at Autonomous Research Lex Sokolin said that the collapse of USDT will lead to a serious drop in Bitcoin and liquidity. Now USDT is the most popular steilcoom, second place behind him is TrueUSD with a market capitalization of $ 160 million.
The Information is prepared in .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Putin's special envoy suggested to wait with the adoption of the law on cryptocurrencies
the Government should await the decision of the Group of development of financial measures of struggle against money-laundering (FATF) before making a law on the regulation of cryptocurrency in the country. This was stated by spec...
Elvira Nabiullina: the excitement around cryptocurrencies is eroding. What's wrong?
According to the head of the Central Bank of the Russian Federation, the hype around digital assets is gradually eroding. About this Elvira Nabiullina said at the forum Finopolis on innovative technologies in Finance. the Event is...
Charlie Lee: a vulnerability in the Bitcoin network could lead to the most terrible things for coins
Recently detected by the Core developers of error in the network of Bitcoin — perhaps the most serious vulnerability in blockchain first cryptocurrency. It could lead to inflation of coins. This is the worst thing that can happen ...
Exclusive interview: why Nouriel Roubini is so "hates" cryptocurrency?
Nouriel Roubini, an economist at new York, which is famous for its accurate prediction of the financial crisis of 2008. A Harvard graduate and now a Professor at the school of business Leonard N. Stern always skeptical of industry...
Among the developers Cordano was split — the community coins its founder, Charles Hoskinson made against the head Cardano Foundation Michael Parsons. They accused him of using the draft to their advantage. For example, the head of...
How much to send 30 thousand bitcoins? An unexpected answer
Cryptocurrencies are often subjected to harsh criticism by traditional bankers, investors and officials. Causes are usually a large number of scams in the industry, high volatility and limited in scope. However, digital assets, th...
Expert: for the approval of the Bitcoin ETF will take years
CEO of Pantera Capital Dan Morehead believes that the issue of approval: the ETF is not as important as Bakkt and Fidelity. These projects start cryptocurrency trading platform for institutional investors, and the ETF is still too...
Analyst at Pantera Capital: after the arrival of the bulls, the stock market will increase 10 times
During the next bull market capitalization of cryptocurrencies will grow at least 10 times or 1,000 percent above the current estimate. This was stated by analyst cryptocurrency Fund Pantera Capital Joey Circle. This implies that ...
Is there a correlation between Bitcoin and traditional markets? The long-awaited answer
Analysts are debating on this topic for several years now. And they have enough soil for this — in 2017, the stock market grew along with the new price records index S&P 500. After a few months of classical markets fell, and ...
Einsteinium prepared for the attack 51 percent of the anonymous hacker. But he changed his mind
the developers of the coins Einsteinium built a serious wall of defense from the attack 51 percent of which live previously anonymous hacker under the nickname GeoCold. On the one hand, the creators of the coin suggested another m...
Monero is preparing a new wave of growth. Proof on the charts
is likely in the near future will be out of phase accumulation. While the picture is on the 1 day chart says about cryptocurrency bullish scenario. the Overall situation looks like this: the the asset made it through the long te...
A trade war between the U.S. and China is heating up. Waiting for a rise in price of ASIC miners?
In June, the US trade office has changed the wording of the definition of Asimov «machines for processing» «equipment». The decision of the authority passed almost unnoticed, because it increased the tax on min...
Why is fall of Bitcoin is a sign of the coming rally? Explain traders
the day before Yesterday, Bitcoin could experience the strongest and the last shock before the rally, slated to begin in the near future. The course is the first cryptocurrency first fell to 6.15 thousand dollars, then increased s...
Sorry, Steve: iPhone have become popular devices for covert mining
according to the index Global Threat, made by analytical company Check Point, last month the number of cases of infected devices with malware for covert mining has increased significantly. In this case, the risk was even iPhone ow...
Tezos increased by 12 percent. What is the reason?
After a small pump just Tezos of the stock market increased by almost 12 percent. Money wasn't even affected by the rollback altcoins and Bitcoins following recent growth. Tokens XTZ rose on news of listing coins on the exchange K...
Arrived in Russia, opened the first criminal case for a hidden mining
In Russia, opened the first criminal case hidden for mining cryptocurrency. His defendant was a resident of Kurgan, who hacked into the servers of state agencies. According to investigators, the man made a hacking attack on the se...
Time mysteries: cryptomnesia send pictures with the encrypted keys from the Ripple wallet
Cryptomnesia Ali Kutluay ready to give 137,036 XRP to the one who will guess the puzzle hidden in a picture. The key to the Enigma is the private key, which is stored coins. the Award for the most clever the contest Rules are very...
As yesterday's rise of altcoins affected the stock market?
Yesterday, a lot of altcoins rose against the dollar. If in the near future to the crypt nothing bad will happen, traders are likely to continue to buy coins on pullbacks down. So now it can form a local uptrend on the charts of t...
Comments (0)
This article has no comment, be the first!