{"id":388607,"date":"2019-07-03T18:00:43","date_gmt":"2019-07-03T18:00:43","guid":{"rendered":"https:\/\/wncen.com\/?p=388607"},"modified":"2024-06-11T13:44:59","modified_gmt":"2024-06-11T13:44:59","slug":"bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/","title":{"rendered":"Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate"},"content":{"rendered":"<ul>\n<li><em>Bitcoin (BTC) adds 8.1 percent<\/em><\/li>\n<li><em>USDT minting correlates with USD expansion says, Jesse Powell<\/em><\/li>\n<\/ul>\n<p><em>Kraken CEO, Jesse Powell, is confident that there is no link between BTC prices and USDT minting. At the time of press, BTC is up 8.1 percent in the last day.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>Differentiating between \u201ctrue demand\u201d and speculation is hard. Critics are adamant that crypto assets are speculative and highly volatile.<\/p>\n<p>Although Bitcoin can be a perfect<a href=\"https:\/\/wncen.com\/2019\/07\/01\/hedge-funds-behind-bitcoin-explosive-price-rally-say-experts\/\" target=\"_blank\" rel=\"noopener noreferrer \"> hedge<\/a> against faltering traditional asset and increasingly embraced by fund managers, rapid price changes present a problem for conservative investors or traders. Bearing the brunt of it all is Tether Limited, the issuer of Tether,<a href=\"https:\/\/wncen.com\/2018\/10\/25\/tether-burns-half-a-billion-usdt-coins-in-an-act-of-redemption\/\" target=\"_blank\" rel=\"noopener noreferrer \"> USDT<\/a>.<\/p>\n<p>Tether is the world\u2019s most capitalized stablecoin. Critics say the coin is used as a tool for manipulating Bitcoin prices. For instance, coinciding with Bitcoin price surges, the <a href=\"https:\/\/wncen.com\/2019\/04\/25\/tether-treasury-stablecoin-bitcoin-price\/\" target=\"_blank\" rel=\"noopener noreferrer \">Tether Treasury<\/a> minted more USDT to keep up with the Stablecoin\u2019s demand.<\/p>\n<p>Explaining this unsettling coincidence and clearing any air of doubt, Will Harborne, the founder of EthFinex, said investors had \u201cpreordered batches of tethers\u201d in anticipation of price expansion.<\/p>\n<p>While Will\u2019s explanation is plausible, <a href=\"https:\/\/wncen.com\/2019\/07\/02\/ceo-bitcoin-surge-is-legitimate-tether-is-transparent-reflection-of-crypto-exchanges\/\" target=\"_blank\" rel=\"noopener noreferrer \">Jesse Powell<\/a> is against the grain, decoupling from allegations linking Bitcoin\u2019s price rally and USDT minting. Extolling Tether\u2019s transparency, the Kraken CEO in an interview with TD Ameritrade Network <a href=\"https:\/\/www.forbes.com\/sites\/ktorpey\/2019\/07\/02\/kraken-ceo-bitcoin-price-run-powered-by-real-demand-not-tether-manipulation\/#326304615826\" rel=\"nofollow\">said<\/a>:<\/p>\n<blockquote><p>\u201cI don\u2019t have inside knowledge of what\u2019s happening at Tether, but I can tell you that, historically, when you\u2019ve seen growth in the supply of Tether, we\u2019ve seen growth in the supply of U.S. dollars coming onto Kraken. And other exchanges would report the same. Recently, we\u2019ve had massive inflows of fiat currency, so I believe the Tether prints are a result of new fiat coming in.\u201d<\/p><\/blockquote>\n<h3>Candlestick Arrangements<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-388603\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-Daily-Chart-July-3.png?resize=1280%2C1024\" alt=\"Bitcoin BTC\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-Daily-Chart-July-3.png?w=1280 1280w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-Daily-Chart-July-3.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-Daily-Chart-July-3.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-Daily-Chart-July-3.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-Daily-Chart-July-3.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-Daily-Chart-July-3.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>At press time, BTC is trading 8.1 percent higher than yesterday\u2019s close. Technically, BTC is bullish. Following the double bar bull reversal pattern of July 1st and 2nd reacting from the middle Bollinger Band, today\u2019s candlestick may confirm demand of the last three months.<\/p>\n<p>Ideally, it would be perfect if bulls build sufficient momentum to reverse losses of July 27 complete with ultra-high trading volumes surpassing those of June 26. Such a move shall confirm buyers, triggering conservative traders to initiate long positions while aiming at $15,000.<\/p>\n<p>On the reverse side, even though aggressive can buy the dips with stops at $9,500, any drawdown driving prices below this minor support could see BTC crumble to $7,500 or lower in line with previous <a href=\"https:\/\/wncen.com\/2019\/07\/02\/21-5-of-bitcoin-owners-are-hodlers-despite-btc-price-scares\/\" target=\"_blank\" rel=\"noopener noreferrer \">BTC\/USD trade plans<\/a>.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Aforementioned, June 26 bull candlestick anchors this trade plan. Narrow as it is, the bar has high trade volumes. Any recovery that will see BTC blast past June highs should ideally be with high participation level exceeding 82k.<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\"><em><strong>Chart<\/strong><\/em><\/a><em><strong> courtesy of Trading View. Image Courtesy of Shutterstock<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) adds 8.1 percent USDT minting correlates with USD expansion says, Jesse Powell Kraken CEO, Jesse Powell, is confident that there is no link between BTC prices and USDT minting. At the time of press, BTC is up 8.1 percent in the last day. Bitcoin Price Analysis Fundamentals Differentiating between \u201ctrue demand\u201d and speculation is hard. Critics are adamant that crypto assets are speculative and highly volatile. Although Bitcoin can be a perfect hedge against faltering traditional asset and increasingly embraced by fund managers, rapid price changes present a problem for conservative investors or traders. Bearing the brunt of it all is Tether Limited, the issuer of Tether, USDT. Tether is the world\u2019s most capitalized stablecoin. Critics say the coin is used as a tool for manipulating Bitcoin prices. For instance, coinciding with Bitcoin price surges, the Tether Treasury minted more USDT to keep up with the Stablecoin\u2019s demand. Explaining this unsettling coincidence and clearing any air of doubt, Will Harborne, the founder of EthFinex, said investors had \u201cpreordered batches of tethers\u201d in anticipation of price expansion. While Will\u2019s explanation is plausible, Jesse Powell is against the grain, decoupling from allegations linking Bitcoin\u2019s price rally and USDT minting. Extolling Tether\u2019s transparency, the Kraken CEO in an interview with TD Ameritrade Network said: \u201cI don\u2019t have inside knowledge of what\u2019s happening at Tether, but I can tell you that, historically, when you\u2019ve seen growth in the supply of Tether, we\u2019ve seen growth in the supply of U.S. dollars coming onto Kraken. And other exchanges would report the same. Recently, we\u2019ve had massive inflows of fiat currency, so I believe the Tether prints are a result of new fiat coming in.\u201d Candlestick Arrangements At press time, BTC is trading 8.1 percent higher than yesterday\u2019s close. Technically, BTC is bullish. Following the double bar bull reversal pattern of July 1st and 2nd reacting from the middle Bollinger Band, today\u2019s candlestick may confirm demand of the last three months. Ideally, it would be perfect if bulls build sufficient momentum to reverse losses of July 27 complete with ultra-high trading volumes surpassing those of June 26. Such a move shall confirm buyers, triggering conservative traders to initiate long positions while aiming at $15,000. On the reverse side, even though aggressive can buy the dips with stops at $9,500, any drawdown driving prices below this minor support could see BTC crumble to $7,500 or lower in line with previous BTC\/USD trade plans. Technical Indicators Aforementioned, June 26 bull candlestick anchors this trade plan. Narrow as it is, the bar has high trade volumes. Any recovery that will see BTC blast past June highs should ideally be with high participation level exceeding 82k. Chart courtesy of Trading View. Image Courtesy of Shutterstock<\/p>\n","protected":false},"author":384,"featured_media":344600,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,9488,2676,10263],"class_list":["post-388607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-jesse-powell","tag-kraken","tag-usdt"],"acf":[],"yoast_head":"\n<title>Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate<\/title>\n<meta name=\"description\" content=\"Jesse Powell, the CEO of Kraken, believes the recent Bitcoin price rally is because of an influx of USD drawing demand for USDT. There is no manipualtion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate\" \/>\n<meta property=\"og:description\" content=\"Jesse Powell, the CEO of Kraken, believes the recent Bitcoin price rally is because of an influx of USD drawing demand for USDT. There is no manipualtion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-03T18:00:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:44:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dalmas Ngetich\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Dalmas_Ngetich\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dalmas Ngetich\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/\"},\"author\":{\"name\":\"Dalmas Ngetich\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\"},\"headline\":\"Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate\",\"datePublished\":\"2019-07-03T18:00:43+00:00\",\"dateModified\":\"2024-06-11T13:44:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/\"},\"wordCount\":472,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600\",\"keywords\":[\"bitcoin\",\"btc\",\"Jesse Powell\",\"kraken\",\"USDT\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/\",\"name\":\"Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600\",\"datePublished\":\"2019-07-03T18:00:43+00:00\",\"dateModified\":\"2024-06-11T13:44:59+00:00\",\"description\":\"Jesse Powell, the CEO of Kraken, believes the recent Bitcoin price rally is because of an influx of USD drawing demand for USDT. There is no manipualtion.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600\",\"width\":1200,\"height\":600,\"caption\":\"technical analysis bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\",\"name\":\"Dalmas Ngetich\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g\",\"caption\":\"Dalmas Ngetich\"},\"description\":\"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/\",\"https:\/\/x.com\/Dalmas_Ngetich\"],\"url\":\"https:\/\/wncen.com\/author\/dalmasngetich\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate","description":"Jesse Powell, the CEO of Kraken, believes the recent Bitcoin price rally is because of an influx of USD drawing demand for USDT. There is no manipualtion.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate","og_description":"Jesse Powell, the CEO of Kraken, believes the recent Bitcoin price rally is because of an influx of USD drawing demand for USDT. There is no manipualtion.","og_url":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-07-03T18:00:43+00:00","article_modified_time":"2024-06-11T13:44:59+00:00","og_image":[{"width":1200,"height":600,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600","type":"image\/jpeg"}],"author":"Dalmas Ngetich","twitter_card":"summary_large_image","twitter_creator":"@Dalmas_Ngetich","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Dalmas Ngetich","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/"},"author":{"name":"Dalmas Ngetich","@id":"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586"},"headline":"Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate","datePublished":"2019-07-03T18:00:43+00:00","dateModified":"2024-06-11T13:44:59+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/"},"wordCount":472,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600","keywords":["bitcoin","btc","Jesse Powell","kraken","USDT"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/","url":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/","name":"Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600","datePublished":"2019-07-03T18:00:43+00:00","dateModified":"2024-06-11T13:44:59+00:00","description":"Jesse Powell, the CEO of Kraken, believes the recent Bitcoin price rally is because of an influx of USD drawing demand for USDT. There is no manipualtion.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600","width":1200,"height":600,"caption":"technical analysis bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586","name":"Dalmas Ngetich","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","caption":"Dalmas Ngetich"},"description":"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate","url":"http:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","jesse powell","kraken","usdt"],"dateCreated":"2019-07-03T18:00:43Z","datePublished":"2019-07-03T18:00:43Z","dateModified":"2024-06-11T13:44:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin (BTC) Price Rally And Recent Influx of USD Directly Correlate\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-btc-price-rally-and-recent-influx-of-usd-directly-correlate\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-btc4.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-btc4.jpg?fit=1200%2C600\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"jesse powell\",\"kraken\",\"usdt\"],\"dateCreated\":\"2019-07-03T18:00:43Z\",\"datePublished\":\"2019-07-03T18:00:43Z\",\"dateModified\":\"2024-06-11T13:44:59Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc4.jpg?fit=1200%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/388607"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=388607"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/388607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/344600"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=388607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=388607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=388607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}