Bitcoin’s “Tether Printer Divergence” is Immensely Bullish; Here’s Why

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Bitcoin’s price has not reached parity with the massive growth seen in issuance of stablecoins like Tether (USDT) The “divergence” between USDT issuance and BTC’s price action could be highly bullish The stablecoin boom in recent times also paints a positive picture for the entire crypto market Bitcoin has been experiencing some lackluster price action throughout the past several days and weeks, with the crypto hovering around the $7,000 region as its bulls and bears reach an impasse. This boring price action has not corresponded with the massive issuance of stablecoins like Tether (USDT) – leading some analysts to deem this as Bitcoin’s “Tether printer divergence.” The phenomenon has been seen in the past and is historically followed by intense uptrends. Bitcoin Remains Flat Despite Massive Stablecoin Issuance Bitcoin has been seeing some choppy trading between the upper-$6,000 region and the lower-$7,000 region for the past several days. This has…

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