Analyst Links Bitcoin Price Surge to Tether’s Activity

Quick Summary:

Tether Accused of Fueling Bitcoin’s Price Surge: Analyst’s Bold Claims The meteoric rise in Bitcoin’s price has reignited debates about market manipulation, with a recent assertion from analyst Jacob King adding fuel to the fire.

Designed to maintain a 1:1 peg to the U.S.dollar, Tether provides liquidity and stability, enabling traders to quickly move in and out of volatile assets like Bitcoin.

However, King’s claims raise questions about whether this growth is underpinned by organic demand or artificially inflated through Tether’s activities.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Bitcoin News Tether Behind Bitcoin Price Surge

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 10:59:16 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 432 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23917670

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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News Last Updated: 8 hours ago

Coverage Areas: India

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