analysis
USDT Market Cap Sheds $6.6B, Doubling the Post-FTX Drain
20Importance
no updates 6h+Status
2News media
- Published
Key claims & sources
Summary in preparation.
Market reaction i
Bitcoin rose 0.2% in the 4 hours after the first headline, after falling 0.3% in the 2 hours before.
$73,527
price at the headline
-0.3%
2 h before
+0.2%
4 h after
+0.6%
12 h after
First headline
48 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
first
Crypto News Flash
scoop
Nov 10 23:15
Crypto News Flash
scoop
Breaks the event: $289.8B and $6.6B
+1 h 28 m
Crypto Economy
adds
Nov 11 00:43
Crypto Economy
adds
Brings into the story: BTC, with quotes
Where this sits in the Bitcoin series
| When | What happened | Figure |
|---|---|---|
| 1.1 years ago | BTC at $115,227 high | today it sits -35.6% from there |
| 4 months ago | BTC at $58,566 low | today it sits +26.7% from there |
From what we have stored, starting 1.1 years ago.