RE: Wondering15 Jan 2021 19:30
There is a long going rumor that tether (crypto allegedly tethered to 1 usd) and its parent company has a scam ongoing.
For every tether coin there is supposed to be 1 usd held in reserve.
Since they can essentially release as many tether coins as they want, the worry is that there is not a reserve of funds.
If this is true, it brings the market into disrepute and therefor burns bitcoin, as the naysayers will jump on this saying 'we told you so'.
Thats my terrible explanation which will not be fully accurate, but may be a reason for a bitcoin sell off.
I would suggest doing your own research into the matter.