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: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
  • 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: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

Tether Volume Surpasses Bitcoin at $18 Billion: Should Crypto Investors Take it Seriously?

Samuel Wan
Samuel Wan
6 years ago
3 mins read

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.

In a continuation of bullish events this week, total volume reached an all-time high of $89 billion on the 3rd April. This compares to $28 billion when Bitcoin was at its peak in mid-December 2017. However, with accusations of fake volume still fresh on our minds, as well as Tether showing a higher volume than Bitcoin, investors should tread carefully.

What Does Volume Tell You?

Volume relates to the value of transactions traded in the market at a given time. For each buyer, there will be a seller. And when both parties agree on a price, that transaction contributes to the total volume. It follows that high volume indicates high interest. But more than that, volume is an indication of market movement. On defining volume, Investopedia says:

“Volume is an important indicator in technical analysis as it is used to measure the relative worth of a market move. If the markets make a strong price movement, then the strength of that movement depends on the volume for that period. The higher the volume during the price move, the more significant the move.”

In consideration of this, many are interpreting all-time high volume as a positive change in crypto sentiment. But given recent reports of fake volume, it would be wise to exercise caution. Research conducted by Bitwise Asset Management showed that only ten exchanges, out of eighty-one analyzed, had any genuine trading volume. The rest consisted mostly of wash traded transactions to misrepresent activity. With that in mind, until authorities clamp down on wash trading, volume figures should be read with skepticism.

Dude, you really still trust in any of that reported volume?

— ALTriano Celentano (@ATHomiCrypto) April 3, 2019

Tether Controversy

Despite some controversies over the last year and a half, Tether is performing strongly. At the time of writing, it is the number one coin by volume, beating Bitcoin by almost $500 million. And it continues to be the most popular option for investors to move their crypto assets into stable form.

However, regardless of this, Tether has never managed to adequately address transparency concerns. In its white paper, there are details on “Proof of Reserves” backed by the US Dollar, this means that for every Tether in circulation, there is also $1 held on account. The problem is, no auditing firm has ever signed off on this claim. Matters are made worse by an apparent change in policy. The company now states that other assets may be substituted to make up that value — all without full disclosure on the nature of those assets.

Indeed, when Tether makes up a significant chunk of total market volume, warning signs should be flashing. One Twitter user, @Emperor_YZ, sees Tether volume dominance as a signal of a mass USDT sell-off, and a subsequent fall in USDT value. He expands on his prediction by saying:

“similar to bank run as their usd peg is not enough to keep usdt at 1;1”

And while that scenario may not materialize, for example, there is no other indication of a mass USDT sell-off, and, the company’s reserves may be sufficiently liquid if that did happen, it still pays to be vigilant, even during a bullish phase.

https://twitter.com/Emperor_YZ/status/1114074303765434368

Featured Image Via Shutterstock

Tweet123Share196ShareSend
Samuel Wan
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

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

Bitcoin Prognose: Zinsen runter, Wert rauf, Bitcoin Hyper als Turbo?

Das Aufatmen an den Märkten war diese Woche deutlich hörbar. Nach Monaten an endlosen Diskussionen zwischen Donald Trump und der...

georgsteiner 3 hours ago
Cardano

Can Cardano Repeat 2021 Surge? Technicals Point Toward $3–$6 Target – Details

Cardano (ADA) prices have dropped by 3.49% in the past week, amidst a broader crypto market correction. The popular altcoin...

Semilore Faleti 2 hours ago
Bitcoin

Bitcoin Tests Weekly Open As $113,300 Fair Value Gap Looms — What It Means

Over the past week, the Bitcoin market experienced significant volatile price action, resulting in a net price loss of 0.07%....

Semilore Faleti 8 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

Ethereum

Ethereum (ETH) Mirrors 2021 Price Action As Bulls Target $10,000 By 2026

Semilore Faleti 22 minutes ago
altcoins, bull run, altseason, trump crypto, crypto verwachting

Altcoins trekken miljarden na Fed cuts – altseason staat voor de deur

Lars Diederiksen 1 hour ago
XRP koers ATH door Ripple ETF nieuws? De belangrijkste XRP verwachting 2025

XRP koers ATH door Ripple ETF nieuws? De belangrijkste XRP verwachting 2025

Lars Diederiksen 1 hour ago

Premium Sponsors

Press Releases

  • パイネットワーク...

    23 hours ago
  • Cele mai bune altcoin-uri de cumpărat, pe măsură ce prețul Solanei se apropie de maximul istoric

    Cele mai bune altcoin-uri de cumpărat, pe măsură ce...

    24 hours ago
  • Cele mai bune meme coin-uri de cumpărat acum, pe măsură ce capitalizarea pieței se apropie de 1,9 trilioane RON

    Cele mai bune meme coin-uri de cumpărat acum, pe măsură...

    24 hours ago
  • Cele mai bune meme coin-uri de cumpărat acum, pe măsură ce capitalizarea pieței se apropie de 1,9 trilioane RON

    Nejlepší meme coiny k nákupu nyní, když se tržní...

    1 day ago
  • Cele mai bune altcoin-uri de cumpărat, pe măsură ce prețul Solanei se apropie de maximul istoric

    Nejlepší altcoiny k nákupu, když se cena Solany...

    1 day ago

Newsletter

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.