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Short-lived Enormous Tether Price Spikes

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Friend of mine just pointed out that Tether seems to be going mad - jumping from $1 to $13 then back to $1, replacing XRP at #2 then going back down to #8 (see spike below). Is this someone dumping a load of BTC into Tether and then moving it straight back to BTC ?? Looks and feels like manipulation.



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