Bitcoin Recovers From Dip Below $58,000 as Institutional Buying Slows Down
Bitcoin's (BTC) price dipped below $58,000 in early morning hours, as institutional investors appear to have temporarily halted their buying spree. At the time of writing, BTC is trading for $59,332.20. The dip comes as analysts noted a cessation in the transfer of Tether (USDT) from Tether Treasury to exchanges over the past two days. The halt in USDT transfers to exchanges suggests institutional investors are pausing their crypto purchases, likely contributing to the current price dip. The mov...