Bitcoin Risks Drop to $35K as Investors Take Refuge on Stablecoins

Bitcoin has bounced back above $90,000, but with Circle minting $18B in new USDC, investors appear to be fleeing to stablecoins rather than buying the dip. BTC's break below its 50-week EMA keeps the risk of a deep drop—potentially toward $35,000—firmly on the table.

Source: fxempire.com

Related symbols: BTCUSD