The digital currency market has settled after a frantic 24-hour time caused by the hasty rise in the price of Bitcoin (BTC).

On Crypto-only and Tether-integrated exchanges such as Bitfinex, OKEx and Huobi, the BTC price surpassed $7,700, as the value of Tether (USDT), which had been pegged to that of the US dollar at a ratio of 1:1, dropped considerably by over 7%. The 7% fall in the price of USDT from $1 to $0.93 led the BTC premium on Crypto-only exchange platforms to increase by a similar margin, swelling the value of Bitcoin.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: