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RE: How the entire health of the cryptocurrency industry is connected to Bitcoin; illustrated in one picture.
Your example is extremely easy to demonstrate by cheking the satoshi value of Tether. If BTC drops 10% the satoshi value of Tether goes UP 10% maintaining the price at more or less $1 ...something like that.
$1.00 USD (-0.19%)
0.00010781 BTC (-7.73%)
0.02562210 OMNI (-6.83%)