Bitcoin (BTC) price predictions over the last few days were going for a steep drop under $4,000. However, BTC remained stable over the weekend and avoided a sell-off on Monday, with a small decline on Tuesday when prices hovered around the $3,900s.
But on Wednesday, the leading coin rallied again, also boosting altcoins. BTC traded at $4,051.58 as of 8:30 UTC on Wednesday, up 2.4% in the past 24 hours, which is a rather robust gain for the relatively low volatility in the past months. Trading volumes are now above the equivalent of $11 billion in 24 hours.
The results for Bitcoin are highly dependent on Tether (USDT) trading, which now habitually takes over 80% of trading volumes. The growth in BTC prices coincides with altcoin growth, as the dominance...