🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Tether Has No Significant Impact on Bitcoin Price, New Study Suggests

Published 09/24/2018, 04:54 AM
Updated 09/24/2018, 06:01 AM
 Tether Has No Significant Impact on Bitcoin Price, New Study Suggests
BTC/USD
-

Tether (USDT) has no “statistically significant” impact on the Bitcoin (BTC) price movement, according to a new academic study examining the suspected correlation between the USD-pegged stablecoin and the original cryptocurrency.

The report, titled “The Impact of Tether Grants on Bitcoin” and published last week, was conducted by researcher Wang Chun Wei of the University of Queensland Business School. Using Value-at-Risk (VAR) analysis, Wang concluded that despite the existence of a “positive relationship” between new Tether grants and “increased crypto-trading the following day,” the effect on trading volumes is temporary, and volume generally returns to normal within five days, without causing any substantial BTC pric...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.