$BTC
📉 Why did USDT drop in Binance P2P? 📉
Recently, the price of USDT in the Binance P2P market has shown a significant decline in its conversion with bolivars. What is the reason for this?
🔹 Closure of El Dorado P2P
The reference market for the parallel dollar in Venezuela, "El Dorado P2P," announced the cessation of its operations. This platform influenced the rates published by pages like "Monitor Dólar" and "EnParaleloVenezuela." Its disappearance has changed the dynamics of the market.
🔹 Arrests and government control
The government has taken measures against individuals and platforms that published unofficial rates, which has generated uncertainty among traders and decreased demand for USDT.
🔹 New restrictions in Binance P2P
Binance has adjusted its regulations to prevent price manipulation. Traders face stricter penalties if they artificially influence the rates, affecting supply and demand.
🎭 The impact on the market
All of this has led to a decrease in the demand for USDT and a drop in its price. Is this a new stage for the P2P market in Venezuela? What strategies can help in this new scenario?
💬 Leave me your opinion in the comments! 🔥