Tether and Circle’s $3 billion token minting spree fails to protect Bitcoin amid crash to $60,000

The crypto market has entered a fragile phase as Bitcoin dropped under the critical $70,000 level and bounced off $60,000, a zone that has increasingly acted as a gravitational pull rather than a launchpad. source: https://cryptoslate.com/tether-and-circles-3-billion-token-minting-spree-fails-to-protect-bitcoin-amid-crash-to-60000/