$BTC

BTC

90,112.3

+0.13%

Bitcoin Breaks $90,000: Liquidity and Stablecoins Play Role in the Fall

Bitcoin's price has fallen below $90,000, despite the US Federal Reserve's easing of monetary policy.
Stablecoin inflows to exchanges have fallen by 50% compared to August, falling from $158 billion to $76 billion.
The high market capitalization of stablecoins now supports cross-border payments and derivatives, rather than spot cryptocurrency purchases.