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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)$104,467.00-1.94%
  • ethereumEthereum(ETH)$3,867.11-1.76%
  • rippleXRP(XRP)$2.47-4.53%
  • tetherTether(USDT)$1.00-0.10%
  • solanaSolana(SOL)$217.57-1.33%
  • binancecoinBNB(BNB)$713.47-1.63%
  • dogecoinDogecoin(DOGE)$0.384554-3.61%
  • usd-coinUSDC(USDC)$1.000.03%
  • staked-etherLido Staked Ether(STETH)$3,860.51-1.75%
  • cardanoCardano(ADA)$1.02-4.53%
© 2024 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$104,467.00-1.94%
  • ethereumEthereum(ETH)$3,867.11-1.76%
  • rippleXRP(XRP)$2.47-4.53%
  • tetherTether(USDT)$1.00-0.10%
  • solanaSolana(SOL)$217.57-1.33%
  • binancecoinBNB(BNB)$713.47-1.63%
  • dogecoinDogecoin(DOGE)$0.384554-3.61%
  • usd-coinUSDC(USDC)$1.000.03%
  • staked-etherLido Staked Ether(STETH)$3,860.51-1.75%
  • cardanoCardano(ADA)$1.02-4.53%