The inflow of institutional money is delayed by all accounts, and the purchase of bitcoins is now simply an influx of USDT tokens.
The days of energetic buyers who make the most of their payment cards to buy bitcoins may end. Indeed, even Korean markets have cooled. Be that as it may, the exchange of products – this time saved resource Tether (USDT). At first glance, the value of Bitcoin is high at $6,743.53. As the altcoins develop, Bitcoin retains its position and again increases its value to 43.2% of the total market capitalization of all coins and tokens.
The purpose of this in any case may be symbolic liquidity. The USDT print coincided with the rapid movement of bitcoins that began in mid-2017. Currently, beginners are looking at the touch, or most of them have given up hope that any faster additions can be made in cryptography. In any case, for dedicated brokers, using USDT is another source of income.
Although they earn more than $2.7 billion, not all of them have opened up a way to trade BTC. Recently, USDT offers on BTC exchanges have been close to 20% and below, with strong levels in Japanese yen, US dollars, Korean won and some other currency standards. Anyway, the situation quickly changed and ended in a matter of days.
According to CryptoCompare, more than 54% of all BTC exchanges are Tether transactions due to the huge range of Bitfinex exchanges. It seems that cryptocurrency markets are now moving to a stage where all transactions are made at the national level, and in the coming years costs can grow only in light of the activities of cryptocurrency insiders, not institutional brokers.
A half-month ago Tether entered the secondary market group – and now it looks like the pickup truck is being redirected to bitcoin. While this can certainly be expensive, regardless of your point of view, it also means that for new bitcoin buyers the welfare of fiat money is actually tricky, and they may end up getting USDT tokens, which, by and large, can be reimbursed for cash, but the procedure is moderate, and there is a fine.
Meanwhile, the contract for the supply of cryptocurrency resource TrueUSD (TUSD) has grown from 88 million to 81 million tokens, as if the tokens were burned and turned into cash. For TUSD, reverse trading should be easier, but it also involves the influx of digital market assets.