The inflow of institutional cash is delayed by all accounts, and the purchase of Bitcoin is currently only an inflow of USDT tokens.
The days of energetic buyers maximizing their recharge cards to buy Bitcoin may be over. Indeed, even the Korean market has been cold. In any case, the exchange proceeds-this time, saved by Tether (USDT) resources. At first glance, the value level of Bitcoin is exciting, at $6,743.53. Although altcoins declined, Bitcoin maintained its position, and its value strength expanded again to 43.2% of the total market value of all coins and tokens.
In any case, the purpose of this may be to enrich the tokens. Starting in mid-2017, printing USDT has been in harmony with the rapid development of Bitcoin. Because of this, so far, every injection of USDT will cause excitement to buy through all other possible ways. At present, newcomers are either watching bystanders, or most people have lost the expectation of faster addition of cryptocurrency. Even so, for loyal brokers, using USDT is another source of income.
Although the actual transaction volume exceeds 2.7 billion U.S. dollars, not everyone has found their way into BTC transactions. Not long ago, the quotation of USDT on the BTC exchange was close to or below 20%, and the Japanese yen, US dollar, Korean won and some other currency standards were stable. Despite this, the photos have changed rapidly now, so it took a few days to complete the process.
As the information from CryptoCompare indicates, due to the huge quotes from Bitfinex exchanges, more than 54% of all BTC exchanges are Tether transactions. It seems that the crypto market has entered the inward phase of all transactions, and the next few years may see costs change only based on the activities of crypto insiders, rather than institutional brokers who are accustomed to the field of funds.
Half a month ago, Tether entered a bunch of altcoins-now, it seems that the wave picker has been transferred to Bitcoin. Although no matter how you look at it, this will definitely come at a price, but it also means that it is actually troublesome for new bitcoin buyers to provide the benefits of fiat currency again, and they may end up using USDT instead. Coin-This can be said in principle, it is taken back for money, but the process is moderate and will be punished by value.
At the same time, the supply contract for TrueUSD (TUSD) cryptocurrency resources has dropped from 88 million to 81 million tokens. It seems that the tokens have been singulated and converted into currency. For TUSD, reverse trading should be simpler-but it also means a massive influx of assets in the digital market.