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    Gate.io Blog Bitcoin Bounces Back From Below $58K amid Institutional Stablecoin Hesitation

    Bitcoin Bounces Back From Below $58K amid Institutional Stablecoin Hesitation

    21 August 11:04
    BTC/USDT + 1.59%
    ETH/USDT + 1.35%
    GT/USDT + 1.45%
    TL_ DR
    Introduction
    Bitcoin Drops below $59,000 amid the Depressed Crypto Market
    The Puzzle to be solved: Why Institutions Paused Acquiring Stablecoins?
    Bitcoin market Analysis: Implications of BTC Slump Below $60,000
    Institutional Strategies towards Stablecoins
    Conclusion
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