📈 Cryptocurrency Under Attack, More Problems Ahead
Updated
Well my friends, it seems the Cryptocurrency market is under attack from all fronts, and endless battle it seems.
Now the Stablecoins are under attack and it seems they are going to fight Tether (USDT), next.
I just saw this piece of news article, it links Russia to Tether and that's how it all starts: tradingview.com/news/reuters.com,2023-03-15:newsml_CDK96wQFh:0-russians-use-tether-to-send-money-to-the-west-evading-sanctions-and-kyc-transparency-international/
It says the Russian are using USDT, they will surely use this as an excuse to start some sort of banning which will end up affecting everyone... Or maybe not but that's how it always start.
We've been bearish on USDT.D for a long time as the chart shows but that's because people use Tether to buy Altcoins and Bitcoin, not due to this type of situation.
If there is an attack on Tether, another one, let's just hope it is something that doesn't bring down the market as whole.
Cryptocurrency is under attack from all fronts and it is technology that is only helping people, it is a technology for peace, innovation and exchanging value.
A means of payment like cash, gold, credit, wires and so on.
Stay safe.
Trade Bitcoin.
Namaste.
Now the Stablecoins are under attack and it seems they are going to fight Tether (USDT), next.
I just saw this piece of news article, it links Russia to Tether and that's how it all starts: tradingview.com/news/reuters.com,2023-03-15:newsml_CDK96wQFh:0-russians-use-tether-to-send-money-to-the-west-evading-sanctions-and-kyc-transparency-international/
It says the Russian are using USDT, they will surely use this as an excuse to start some sort of banning which will end up affecting everyone... Or maybe not but that's how it always start.
We've been bearish on USDT.D for a long time as the chart shows but that's because people use Tether to buy Altcoins and Bitcoin, not due to this type of situation.
If there is an attack on Tether, another one, let's just hope it is something that doesn't bring down the market as whole.
Cryptocurrency is under attack from all fronts and it is technology that is only helping people, it is a technology for peace, innovation and exchanging value.
A means of payment like cash, gold, credit, wires and so on.
Stay safe.
Trade Bitcoin.
Namaste.
Note
It seems that Cryptocurrency won't give up without a fight."Crypto has important allies in Congress."
tradingview.com/news/cryptobriefing:213f5f4f3094b:0-house-majority-whip-questions-fdic-over-crypto-banking-purge/
Note
Tether Dominance remaining high does not imply that Bitcoin and the Altcoins are not growing, this is due to the fact that the supply is being increased by the billions.It will still drop but lower than expected as new coins are minted.
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