Bitcoin price drops below $59K as institutions stop buying stablecoins

The Bitcoin price last saw its local bottom before Tether minted $1.3 billion worth of stablecoins, which helped BTC recover over 21%.

Aug 12, 2024 - 11:00
Bitcoin price drops below $59K as institutions stop buying stablecoins

The Bitcoin price last saw its local bottom before Tether minted $1.3 billion worth of stablecoins, which helped BTC recover over 21%.

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