Explanation night the growth of bitcoin prices up to $6700 rests, apparently, on the surface: just before this with the treasury-of the company’s purse Tether to the address of the exchange Bitfinex was translated an additional 100 million tokens USDT.
This transaction also was the largest since August 18, when the same address was sent 20 million USDT.
Just sent $100000000.0 USDT from the tether reserve to Bitfinex! https://t.co/NPL2zNzEIp #USDT #Tether #Crypto
— Not Tether Backup Printer (@eurtprinter) 21 Aug 2018
Shortly after sending the token USDT wallet on Bitfinex, the bitcoin price increased by about $400, while the growth of the total market capitalization of crypto-currencies amounted to $12 billion.
Omni Explorer data show that the last series of major transactions in the wallet Bitfinex was held from 11 to 18 August, at the beginning of which the price of bitcoin threatened to fall below $6000. During this period of time was sent to a total of eight transactions in the amount of 315 million USDT.
Simultaneously, the significantly increased market capitalization USDT, and after the last tranche has exceeded 2.8 billion, raising the asset on the 8-th place in the ranking of CoinMarketCap.
However, if you look at the current state of the treasury-wallet Tether, remaining on it, the amount of 150 million USDT means that such interventions will soon become impossible and the company will probably again have to turn on the printing press.
Also questionable are the allegations that the price of bitcoin is spurring the interests of institutional and other large investors.
Earlier, the law firm of Freeh Sporkin & Sullivan, LLP (FSS) has prepared a report on the status of company Bank accounts Tether, and not being able to submit evidence of full financial support tokens USDT.
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