Bitcoin was in a bullish mode and was trading around $5500 when it all of a sudden started to sink like a rock and this came at the same time as the New York Attorney General filed a lawsuit against the moder company of Tether, namely iFinex which owns both Tether and Bitfinex. The Attorney General is accusing iFinex of defrauding local investors in the New York area.
You can go and read the whole story here:
So, this caused a massive flash crash across the board and Tether itself fell more than 4% against the US dollar and meanwhile, the other big stablecoin, TUSD or True USD rose 7% and is currently trading around $1.07.
In this video we will show you what happened to Bitcoin, Ethereum, Total Altcoins, Tether and True USD.
