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Institutions Halt USDT Transfers, BTC Price Drops 4.5% | Flash News Detail | Blockchain.News
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8/12/2024 7:36:39 AM

Institutions Halt USDT Transfers, BTC Price Drops 4.5%

Institutions Halt USDT Transfers, BTC Price Drops 4.5%

According to @lookonchain, institutions have temporarily halted their buying activities, leading to a 4.5% drop in Bitcoin's price today. The halt coincides with institutions stopping the receipt of USDT from Tether Treasury and ceasing transfers to exchanges two days ago.

Source

Lookonchain

@lookonchain

Looking for smartmoney onchain