Tether hits record low against USD

Cryptocurrency markets rallied on Monday morning, with bitcoin leading the charge.
Bitcoin climbed as high as US$7,000 on some exchanges, marking largest single-day rally in months. As expected, many other cryptocurrencies followed suit, with ether and XRP both posting double digit gains before falling back slightly.
The big surprise, however, was Tether which came unhinged from the USD, falling nearly 6 percent from its peg as negative sentiment took hold of the “stablecoin.”(Source