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

August 12, 2024 by DIGIT
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Bitcoin price saw its local bottom last time Tether minted $1.3 billion worth of stablecoins, which helped BTC recover over 21%.

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Categories Bitcoin Drop, Bitcoin Price, Cryptocurrency market, institutional investors, Stablecoins
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  • bitcoinBitcoin(BTC)$89,450.00-1.74%
  • ethereumEthereum(ETH)$3,076.19-2.63%
  • tetherTether(USDT)$1.00-0.07%
  • solanaSolana(SOL)$235.208.44%
  • binancecoinBNB(BNB)$616.77-1.63%
  • rippleXRP(XRP)$1.06-7.03%
  • dogecoinDogecoin(DOGE)$0.362166-1.83%
  • usd-coinUSDC(USDC)$1.000.03%
  • staked-etherLido Staked Ether(STETH)$3,075.46-2.60%
  • cardanoCardano(ADA)$0.71-6.39%
© 2024 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$89,450.00-1.74%
  • ethereumEthereum(ETH)$3,076.19-2.63%
  • tetherTether(USDT)$1.00-0.07%
  • solanaSolana(SOL)$235.208.44%
  • binancecoinBNB(BNB)$616.77-1.63%
  • rippleXRP(XRP)$1.06-7.03%
  • dogecoinDogecoin(DOGE)$0.362166-1.83%
  • usd-coinUSDC(USDC)$1.000.03%
  • staked-etherLido Staked Ether(STETH)$3,075.46-2.60%
  • cardanoCardano(ADA)$0.71-6.39%