Report Finds Correlation Between USDT Issuances and BTC Price Movement (40% Correlation)
“48.7% of bitcoin’s price growth between 3/29/17 and 1/4/18” took place during the “two-hour blocks” immediately following the ninety-one individual grants of new USDT – the collective time of which “total[s] less than 3% of the trading hours during that time period.” Transversely, the report concludes that “the average price behavior on a 2-hour timescale the compounded growth is just 6.5%,” leading the researchers in estimating that “a rough estimate of [approximately] 40% price growth attributed to Tether is defensible
For more info use the link below. Explains in greater detail. All credit to the author who created the article below.
hey so nice I really like your post! Thanks for it! I actually wrote my 2nd part of my introduceyouself and I write about that I went to jail because of cryptos... lets make steemit together to a better place with our content! I would like to read a bit more about you and maybe do you have some more pictures? Maybe you upvote me and follow me swell as I do? https://steemit.com/counterfeit/@mykarma/2-jail-review-counterfeit-euro-speeeeending-time
Congratulations @histerael! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
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
STOPCongratulations @histerael! You received a personal award!
Click here to view your Board of Honor
Congratulations @histerael! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!