Institutions ditch stablecoins – Bitcoin takes the hit

Bitcoin’s getting kicked around after a week from hell. The heavyweights, those big institutional players, are pulling back. The result? Bitcoin is down, way down, dropping below $59,000.  If you’re wondering why, it’s all about the money—USDT to be precise. Data shows that Tether isn’t pushing out that sweet liquidity like before. According to Lookonchain: […] source: https://www.cryptopolitan.com/institutions-ditch-stablecoins-bitcoin-hit/