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Bitcoin (BTC) Price Jumped to $8,100 on Tether (USDT) Inflows

Published 06/13/2019, 04:04 AM
Updated 06/13/2019, 05:21 AM
© Reuters.   Bitcoin (BTC) Price Jumped to $8,100 on Tether (USDT) Inflows

Bitcoin (BTC) jumped to new price tiers on Wednesday, finally making the vault to the $8,100 level. The sudden price appreciation regenerated accusations that the price spikes were engineered.

BTC traded at $8,131.07 as of 5:20 UTC on Thursday, on volumes of around $18 billion’s equivalent, of which 72% in pairs with Tether (USDT). The recent appreciation of BTC follows a series of new USDT inflows, printed mostly on the Omni Bitcoin layer and on the Ethereum network. Now, USDT in circulation exceeds 3.35 billion based on CoinMarketCap statistics, with another 800 million in total USDT on the Ethereum network.

https://twitter.com/hrishikeshio/status/1138...

This article appeared first on Cryptovest

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