Bitcoin (BTC) is exhibiting a previously unseen trading profile. On the surface, the leading coin displays short-term rallies and relatively high volumes of over $9.7 billion equivalent in 24 hours, but the actual trades contain very slim shares of fiat currencies. According to CryptoCompare data, the expansion of Tether (USDT) trading continued in the past weeks to reach the point where more than 81% of all BTC deals happen against the top stablecoin.
This also means that BTC prices are becoming more isolated into the crypto space, with very slim fiat inflows and difficulties in cashing out in fiat.
The Tether stablecoin has now spread to even more exc...