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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)$68,701.000.32%
  • ethereumEthereum(ETH)$1,995.162.25%
  • tetherTether(USDT)$1.000.02%
  • rippleXRP(XRP)$1.491.52%
  • binancecoinBNB(BNB)$627.202.34%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$85.990.63%
  • tronTRON(TRX)$0.2842121.40%
  • dogecoinDogecoin(DOGE)$0.100601-1.31%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.020.00%
© 2026 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$68,701.000.32%
  • ethereumEthereum(ETH)$1,995.162.25%
  • tetherTether(USDT)$1.000.02%
  • rippleXRP(XRP)$1.491.52%
  • binancecoinBNB(BNB)$627.202.34%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$85.990.63%
  • tronTRON(TRX)$0.2842121.40%
  • dogecoinDogecoin(DOGE)$0.100601-1.31%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.020.00%