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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)$87,531.000.25%
  • ethereumEthereum(ETH)$2,930.440.24%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$841.190.89%
  • rippleXRP(XRP)$1.860.95%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$123.861.60%
  • tronTRON(TRX)$0.2839711.70%
  • staked-etherLido Staked Ether(STETH)$2,929.450.21%
  • dogecoinDogecoin(DOGE)$0.1233781.27%
© 2025 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$87,531.000.25%
  • ethereumEthereum(ETH)$2,930.440.24%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$841.190.89%
  • rippleXRP(XRP)$1.860.95%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$123.861.60%
  • tronTRON(TRX)$0.2839711.70%
  • staked-etherLido Staked Ether(STETH)$2,929.450.21%
  • dogecoinDogecoin(DOGE)$0.1233781.27%