If I look at any stable coin, example Tether. If I take market cap and compare it with Bitcoin price. It appears if tether is behind most of the up movements. Especially year 2020.

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  • Added an image, but you can take any time. – ram4nd Apr 21 at 14:05
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    You have identified what looks like a correlation. Would you please elaborate what makes you think that there is a causation? I have noticed that you have picked a time frame of seven days for your chart. When you look at a larger time frame e.g. a year, do you still think there is a correlation, let alone a causation? Just a reminder, the lack of pirates is not causing global warming—just because you can put two figures into a ratio, doesn't mean that they have a meaningful relationship. – Murch Apr 23 at 13:16
  • I would like to take a deeper dive into this with this discussion, I can post more images about other timeframes. For example the whole 2020. Lately tether has gone wild, I guess they "print money". Also other cryptos might have come to play. No reason to give negative feedback for an initiniative. – ram4nd Apr 23 at 13:19
  • Stackexchange doesn't really work well for discussions, we're more about a single question that is looking for the best answer. It would probably help potential answerers if you substantiated what makes you think there is a causal link. Please add a source or more explanation. – Murch Apr 23 at 13:32
  • I can't find any explanations for this correlation, that's why the question is posted. Also I think this is an important topic as tether is under investigation. – ram4nd Apr 24 at 6:50

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