Bitcoin Strengthens as Cryptocurrency Tied to U.S. Dollar Weakens
This article was originally published on ETFTrends.com.
Bitcoin’s price touched just below the $7,000 price mark on Monday after cryptocurrency traders sold off tether, a digital currency tied to the valuation of the U.S. dollar, before settling to its current price of $6,648.66 as of 12:15 p.m. ET. Per an article in Fortune, the sell-off in tether came as “Some have long [...]