Crypto market is too volatile now a days and people consider this as a bear market.we have seen major fall in bitcoin's price since 6 months from 18737.60$ to 5880.40$, Now This is major support for bitcoin for reversal Allthough many experts predicts bitcoin to break its ATH in this year.
Everyone knows that crypto market is runs on News.
Releasing of Tether' $250 Mln in USDT, Might be a reason behind sudden pump in bitcoin' price.
Tether issued 250 mln tokens on June 25th. and USDT is backed by 1:1 USD.
This is good news for crypto community but it doesn't mean that this will use to buy Bitcoin right now and price will shoot.
Charlie lee tweeted about this,
