___|  _ \   |  |    |   |_ _|\ \     / ____|
 |     |   |  |  |    |   |  |  \ \   /  __|
 |   | |   | ___ __|  ___ |  |   \ \ /   |
\____|\___/     _|   _|  _|___|   \_/   _____| 

 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Bitfinex Tether Enhanced Selloff?

BY: @up4more | CREATED: Feb. 2, 2018, 1:18 p.m. | VOTES: 4 | PAYOUT: $0.00 | [ VOTE ]

https://httpsimage.com/v2/63209832-6971-439f-962a-49ac1a4016f0.png

The rapid rise in all the cryptocurrencies needed a healthy pullback but it still doesn't feel great when riding this out with your core holdings. One thing that I did notice today is the difference in volume at the exchanges. Could this sell off be mainly fueled by people exiting Bitfinex because of the association with Tether?

The Bitfinex 24 hr volume is more than twice that of the next most active exchange. The cryptocurrency sell off may be more of a Bitfinex exit than anything else. If true, hopefully that money will not sit on the sidelines very long.

TAGS: [ #cryptocurrency ] [ #bitcoin ] [ #bitfinex ] [ #tether ] [ #ethereum ]

Replies

@steemitboard | Feb. 3, 2018, 8:54 p.m. | Votes: 1 | [ VOTE ]

Congratulations @up4more! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

[IMAGE: https://steemitimages.com/70x80/http://steemitboard.com/notifications/posts.png] Award for the number of posts published
[IMAGE: https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png] Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

> By upvoting this notification, you can help all Steemit users. Learn how here!

@up4more | Feb. 4, 2018, 6:12 p.m. | Votes: 0 | [ VOTE ]

Well thanks SteemitBoard.

@steemitboard | Feb. 4, 2018, 10:49 p.m. | Votes: 0 | [ VOTE ]

Congratulations @up4more! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

[IMAGE: https://steemitimages.com/70x80/http://steemitboard.com/notifications/comments.png] Award for the number of comments

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

> By upvoting this notification, you can help all Steemit users. Learn how here!

[ BACK TO TRENDING ] [ BACK TO MENU ]
CMD>