Both the market and twitter have harsh reaction to Bitfinex, Tether news

25 Apr, 2019
by David Borman
Update
Both the market and twitter have harsh reaction to Bitfinex, Tether news

In the wake of the just breaking news that Bitfinex and Tether are being investigated in connection with a missing $850 million, which was apparently covered up using money backing the Tether stablecoin, now the market has taken a notable downturn and twitter has come out to voice its opinions.

First off, the market bled away about $10 billion in mere minutes after the news broke. Bitcoin was able to hold support above $5,000, for now, and has rebounded back above $5,100.

Chart provided by Tradingview

Beyond Bitcoin, most of the market is now deeply in the red, with only a handful of coins showing green still.

As for twitter, many spoke up concerning this upsetting turn of events. Some had thoughtful observations:

Others just wanted to let it be known they were paying attention:

It's far too early to see how all of this will shake out, but for now there is a lot of talk on twitter and a lot of volatility in the market. Stick here with Chepicap for all updates on this developing story!

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