$150 Million in Freshly Printed Tether To Cause Bitcoin Price to Surge


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Tether’s effect on the crypto market at large cannot be understated. Not only does the fiat-backed stablecoin act as a safe haven asset during downtrends and crashes, in the past sentiment surrounding Tether has had an enormous impact on Bitcoin price. In the past, Tether turmoil has led to massive increases in Bitcoin price and the value of other crypto assets, as capital held in Tether outflows back into other cryptocurrencies.