Bitcoin Price Rise After Tether Scandal Shows End of Crypto Winter: Fundstrat6.2

On Tuesday, the crypto asset market began to move higher, shocking many investors across the board. As of the time of writing this, Bitcoin (BTC) is trading at $5,380, posting a 2.81% gain in the past 24 hours. Most altcoins, like Ethereum, are up even further, with Litecoin flouting a hefty 7.26% 24-hour rally. Even Tether is looking green, with USDT posting a 0.5% gain.

This strong move may seem normal and mundane out of context, but according to Fundstrat’s Tom Lee, Tuesday’s rally confirms that the cryptocurrency winter might be finally biting the dust.

Original source
https://www.newsbtc.com/2019/05/01/bitcoin-price-rise-after-tether-scandal-shows-end-of-crypto-winter-fundstrat/

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