Oct 15, 2018
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Tether Forces Bitcoin to Achieve $7,500, Crypto Market Adds $20 Billion

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The crypto market and Bitcoin investors were in for a shock on Monday morning, as Tether, a self-proclaimed “stablecoin,” fell 6% below its U.S. Dollar (USD) peg amid a growing sense of confusion within the cryptosphere.

Tether, Bitfinex Worries Plague Crypto Market

During the wee hours of Monday morning, crypto assets saw a strong, but suspicious move to the upside, even though volumes continued to dwindle. As users took to internet sleuthing to determine the catalyst behind this influx, it immediately became clear that something was amok.

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