Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally6.8

This week, a scandal involving Bitfinex and Tether parent company iFinex being accused by the New York Attorney General’s office of misappropriating funds has shaken up the cryptocurrency market.

Bitcoin and other cryptocurrencies have rallied in recent months, however, the latest negative news surrounding the leading stablecoin on the market has been enough to cut Bitcoin’s bullish rally short, and a technical indicator now suggests that further downside momentum is in the cards.

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