Following the recent market crash, crypto analyst Michaël van de Poppe has come up with an interesting theory about the real reason for the decline.
Normally, the reason for the decline in the cryptocurrency market is thought to be the customs duties imposed by Donald Trump on Canada, China and Mexico, which are believed to trigger inflation.
Van de Poppe, in his latest statement, stated that there is only one reason for the decline, and that is the gradual delisting of Tether (USDT ($1.00)) from major cryptocurrency exchanges, especially in Europe. According to the analyst, market makers and traders are manipulating the market by using this wave of FUD to collect more goods.
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Van de Poppe said he expects things to turn around in the new week.
At the time of writing, Bitcoin has lost 3.48% on the day and is trading at $98,680.
On the altcoin side, losses have been more severe, with Ethereum currently struggling to stay above $3,000, while altcoins like XRP and Solana are down around 7%.
*This is not investment advice.
Continue Reading: Veteran Analyst Says ” Cryptocurrencies Didn’t Fall Due to Trump Tariffs”, Explains the Real Reason and What to Expect
