Tether/Bitfinex rumors have caused a massive tether premium to occur and, ultimately, resulted in a large bitcoin price discrepancy across multiple exchanges.
Nobuaki Kobayashi, the trustee of now-defunct Tokyo exchange Mt. Gox, liquidated 24,658 bitcoin and 25,331 bitcoin cash earlier this year, according to an announcement posted on September 25, 2018.
There is a strong argument that the current bitcoin price consolidation is a reaccumulation trading range and could lead to a potential continuation of the uptrend.
Bitcoin's price has managed to hold a higher low for the first time since the beginning of the bear market and is currently seeing a strong rally that has it testing key resistances.
As a Coinbase investor, Ohanian strongly believes that the instability of fiat currencies in economically crippled countries might pave the way for cryptocurrencies such as Dash and Bitcoin.
After a strong round of selling over the course of two weeks plunged the price of bitcoin back to the $6,000s, the cryptocurrency now seems poised for another upward swing.
As prices continue to flirt with key support points, people still need hubs to trade their cryptocurrencies. In this case, it seems that many exchanges are still doing just fine.
Although the overall volume trend is consolidating, it is pretty clear that sell pressure is still very present relative to bitcoin's recent bullish rally.
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