The price of BTC jumped by over $1,000 in the early hours of Monday morning amisdst speculation that there was something going on with the stable coin Tether.
More specifically, Bitcoin somehow shot past key support areas of $6,800, $7,000 and $7,400 on Binance, Bitfinex and a host of other platforms that support USDT. On the other hand the price of BTC shot up to $6,700, still a huge difference from USDT enabled platforms.
We will need to wait and see what happens throughout the day and keep an eye on the Tether story.
Meanwhile the current price of Tether is down to $0.96, a full 4% down on where it should be as a stablecoin at $1.00.