Bitcoin (BTC) has surged over 10% in the past 24 hours, briefly surpassing the $7,000 mark according to data from CryptoCompare. The BTC price is also fluctuating rapidly as it’s trading at $6,934.81 at press time. Market analysts believe the massive Tether (USDT) selloff might be the reason why the BTC price has surged so rapidly as the market’s nervousness about Tether has sparked a selloff into BTC and other stablecoin alternatives.
