Post
Topic
Board Bitcoin Discussion
Re: Is the newly minted USDT, a driving force to surge of BTC ?
by
TheIrishman
on 10/03/2024, 07:29:14 UTC
The month of march has been a bearish period for Bitcoin since it's history
Past behavior is rarely an indicator of future behavior especially with the ever-changing landscape of the crypto market.

Also, Tether recently released about a billion dollar USDT and afterwards we saw the price of BTC surge above its previous price of 62k to 63 and currently 65k plus. This has made lots of crypto enthusiasts wonder if the billion dollar release by Tether is the driving force behind the resurgence of Bitcoin, what do you think about this?
It could be that the USDT is causing an "inflationary" pressure on BTC if the USDT is going straight into BTC, but no one really knows.