Bitcoin rises to $ 7,000, USDT falls to $ 0.93
Bitcoin posted 11% gains on Monday morning, climbing above $ 6,900 for the first time in 2 weeks. In less than 2 hours, the price of the largest cryptocurrency rose from the $ 6,300 level, where it was after the decline on October 11, to $ 6,950, according to CoinMarketCap..
It should be noted that there are currently serious price differences between different exchanges. So, for example, on the Bitfinex exchange, at the time of publication, Bitcoin costs $ 7,250, Binance – $ 7,026, and on the American Coinbase Pro and Gemini – about $ 6,500.
Other major cryptocurrencies are demonstrating similar dynamics. According to CoinMarketCap, in 2 hours the total market capitalization has risen by more than $ 20 billion. All top ten cryptocurrencies have grown by 4-8%.
Also, one cannot fail to note the sudden decline in the USDT stablecoin rate, which, simultaneously with the growth of other cryptocurrency assets, went down and at the time of publication costs $ 0.956572.
At the same time, Bitfinex, an exchange affiliated with the USDT issuer, which previously suspended accepting fiat deposits, posted a new announcement in the payments section of its website regarding the situation. “We hope that by Tuesday, October 16, we will have a new and more reliable deposit system,” the exchange writes..
Meanwhile, the current dynamic in the market has generated a strong reaction from Twitter users. While some are discussing the role of Tether in what is happening, others jokingly call today’s jump “a pump to eliminate Tone Weiss.” Renowned and controversial analyst Ton Weiss posted his “first and possibly only Bitcoin deal this year” on Saturday. In it, Weiss put 1 BTC with a leverage of x5 to reduce the cryptocurrency to $ 5,000 and liquidate the position at a price of $ 7,650.
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