Bitcoin Plunges 9%, Sank Below $25K on Binance as August Turns Very Ugly

CoinDesk reported:

“Whether that’s one of the largest financial services companies in the world launching a stablecoin using public blockchain infrastructure or renewed excitement for futures-based ETH ETFs on the back of a flurry of new applications, both volatility and volume metrics continue to drop to multi-year lows,” David Lawant, head of research at institutional trading desk FalconX, said in a market update.

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