The latest FUD seems to be over Tether and how 850 million USD has disappeared from Bitfinex.
Some are comparing it to MT Gox. Based upon the numbers it is about the same as Mt Gox as far as catastrophe's go, but one very important point is that back in the days of Mt Gox, bitcoin marketcap was more than an order of magnitude smaller than it is now. So how much damage was done? Significantly less than one half of a percentage point.
If we erase 850 million USD as lost, then the market cap of 186,750,000,000 drops to 185,900,000,000. We have had bigger drops than that in average days when nothing seems to be going on.
Thoughts?
Donations (public bitcoin address):
3FwxQsa7gmQ7c1GXJyvDTqmT6CM3mMEgcv