Post
Topic
Board Press
Re: [2019-04-26] CNBC: Bitcoin price falls on NY AG Bitfinex probe
by
figmentofmyass
on 01/05/2019, 18:34:24 UTC
And, I'm sorry, but I still don't understand, how disappearance of $3 billion worth of tokens(USDT) can affect the market($175 billion) significantly?

Because USDT is doubly powerful. Every time it's created it's newly injected money and it's 'actual' money, not market cap which means nothing anyway.

yep, $3 billion being added to or subtracted from the total market cap is negligible. it's more about the fact that the crypto spot markets are so thin. pumping a billion tether dollars into these thin order books could raise the total market cap by hundreds of billions.