Bitcoin Price Reaction to Tether Fiasco May Signal Strong Fundamental Strength
The crypto community was once again shaken earlier this week when news broke regarding the New York Attorney General’s (NYAG) office pursuing further investigative action into the controversial stable coin Tether and related crypto exchange Bitfinex.
Concerns surrounding Tether have plagued the crypto markets for well over a year, but Bitcoin’s relatively small drop that ensued after the latest development may signal growing fundamental strength behind BTC.
Concerns Surrounding Tethe
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