Bitcoin Price Skies 5-Month Highs But $850 Million Tether Scandal Spells Doom

By CCN.com: In the past 24 hours, the bitcoin price has increased by 6 percent against the U.S. dollar as the real spot volume of the dominant cryptocurrency spiked to $800 million. In the first week of March, the daily volume of bitcoin was estimated to be around $270 million. In less than a month, the spot volume of the asset surged 196 percent. But, due to the controversy around Tether that has created a $300 to $400 premium, cryptocurrency trader DonAlt said that he expects bitcoin to fall b