Is Bitcoin Going Up Due to an Influx of Tether?

Bitcoin is currently trading in the mid-$6,000 range. While it had expanded all the way to $6,800 during today’s early morning hours, it appears to have settled down a bit and taken a comfortable seat at around $6,400 during the time of writing.

Bitcoin Has Seemingly Recovered Somewhat

Bitcoin is not alone in its present ascension. The currency is joined by the likes of Ethereum, Ripple and bitcoin cash, all of which have spiked by as much as 22 percent in the last 48 hours. The crypto downfall of last week appears to be coming to an end, though there’s still plenty of catching up to do. Bitcoin was, after all, trading above $10,000 just last month.

One source says that the price spikes could be attributed to a heavy surge of Tether – a prominent, yet somewhat controversial, stable currency – flowing through the digital market. If this is true, there are positives and negatives to be faced.

The good aspect of it all is that there is money entering the space. So long as this is…