Bitcoin (BTC) Investors are FOMOing: Tether Sells Off, Stablecoins Flood to Exchanges

Bitcoin Triggers FOMO As you likely know, Bitcoin (BTC) has surged past $10,000. In a jaw-dropping move on Friday, the cryptocurrency rallied past key resistance levels in the $9,000s to surpass $10,000, reaching as high as $11,200 on Saturday morning. With this move, a number of prominent analysts, like Thomas Lee of Fundstrat fame, have suggested that what is known as “FOMO” (the fear of missing out) will return to crypto markets. As Lee put it best on Twitter, “[$10,000] … Continue reading Bitcoin (BTC) Investors are FOMOing: Tether Sells Off, Stablecoins Flood to Exchanges