Tether, the “pegged” US dollar substitute token, crashed to $0.93 on Kraken last night. Here’s why this is important, and what a market depth chart shows.
The price of Bitcoin started collapsing this morning. I’m not going to be so foolish as to call it, but I am saying “I told you so” — the only actual money people will get out is actual money that other people put in.
And you thought things were quiet right now.
How the price dropped to $3000 on the China trading ban, and was then (apparently) manipulated up to $3600 in four hours.