News Snapshot:
Bitcoin Macro Trend Unaffected by Chinese Investors’ $50B Tether Exodus Bitcoin Macro Trend Unaffected by Chinese Investors’ $50B Tether Exodus Grand Master Bitcoin Bitcoin Price China Markets Tether usdt August 22, 2020 | 0 Bitcoin’s macro bullish trend remains intact even after data show Chinese investors moved $50 billion in crypto to overseas addresses in the past 12 months. New data from Chainalysis shows Chinese investors reportedly used Tether ( USDT ) to move nearly $50 billion overseas. This has led some crypto investors to question whether or not Bitcoin price could be impacted by capital flight from China.
