NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Tether Has Been Below $1 For Six Months, And Its Bearish For Bitcoin

Martin Young
Martin Young
1 year ago
2 mins read
NewsBTC Tether USDT Bitcoin Price

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin has managed to hold above the $7,000 level until the end of the year but could turn bearish in the short term the new year begins. Tether price action has been weak since July 2019 and it is not a good sign for BTC.

USDT and Bitcoin Demand Correlation

Tether has always been a point of contention in the crypto community. It has provided massive liquidity for markets but has also been the subject of disparagement for the potential to manipulate prices and fake Bitcoin demand.

It has been observed that Tether prices below a dollar are bearish for Bitcoin. USDT has been bearish since the market contraction began in July.

Market analyst Josh Olszewicz has noted the correlation and remains bearish on BTC.

“i really cant get bullish again until $USDT > $1. since July, $USDT < $1 hasn’t been bullish”

i really cant get bullish again until $USDT > $1

since July, $USDT < $1 hasn't been bullish pic.twitter.com/B91o7art5J

— #333kByJuly2025 (@CarpeNoctom) January 1, 2020

His reasoning is that it represents people exiting out of USDT and back into fiat which is an outflow from crypto. As we have seen the total crypto market capitalization has collapsed over 40% during the same period.

At the time of writing BTC was falling back to the $7,100 level which where support has held for the past week or so. Below this there is support at $7k and a weaker level at the high $6.8k range.

Bitcoin is currently in its longest consolidation period since February last year when it remained just below $4k for around six weeks.

Tether’s market movements also have an impact on Bitcoin prices. There appears to be a correlation between USDT expansion and contraction and BTC movements as observed by research analyst Elias Simos last month.

“Buying $BTC when Tether expands and selling when it contracts, yielded a 2x return – HODLing yielded par.”

As the year comes to a close, it's always useful to remember the impact of stable value in the #cryptoasset market.

The chart below overlays Tether supply on $BTC returns.

Buying $BTC when Tether expands and selling when it contracts, yielded a 2x return – HODLing yielded par. pic.twitter.com/AqUwf3LrPR

— Ξlias Simos (@eliasimos) December 12, 2019

Print Some More

Last month the Tether printers were fired up again as a further $20 million were minted by the Treasury on December 28. Prior to that, $40 million USDT entered markets on December 11 and another $30 million on December 20.

If BTC rallies have occurred after Tether issuance the increased Treasury activity could spark another one.

According to the Tether Transparency Report the total supply of USDT is $4.8 billion which is higher than that reported by analytics websites such as Coinmarketcap.com.

There has also been a lot of migration from OMNI to Ethereum and Tron networks also which would affect BTC on-chain activity. There is reportedly over $2 billion USDT in ERC-20 and almost a billion in Tron’s equivalent.

Bitcoin and Tether are clearly correlated so increased Treasury activity could get the token back over its peg which would be bullish for BTC.

Image from Shutterstock
Tweet123Share214ShareSend
Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum Price Stuck At $2,500: Analyst Says Don’t Trade Until This Happens

The Ethereum price is currently locked in a narrow trading range of around $2,500, with momentum stalling despite the market’s...

Scott Matherson 11 hours ago

What FunToken movement towards a 500% spike says about the scarcity market psychology

FUNToken made an almost historic announcement on June 19, 2025, wherein the company announced a fixed tokenomics, with its supply...

News BTC 13 hours ago
Bitcoin

Bitcoin Investor Sentiment Back To ‘Very Bullish’ — What This Means

The Bitcoin price action was largely sideways rather than strongly bullish for most of June. As of early July, the...

Opeyemi Sule 13 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

Scott Matherson 2 hours ago
Bitcoin

No Need To Panic, Bitcoin’s Peak Still Coming In October 2025 – Analyst

Semilore Faleti 4 hours ago
Litecoin

Litecoin Fate Tied To Bitcoin – Will $96 Resistance Crack?

Godspower Owie 5 hours ago

Premium Sponsors

Press Releases

  • Cryptocurrency is the best way to get rich quickly, easily...

    54 minutes ago
  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    8 hours ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    12 hours ago
  • 3 altcoina koje vrijedi pratiti u prvom tjednu srpnja 2025

    12 hours ago
  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    19 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.