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via CoinDesk · By CoinDesk Staff

Bitcoin's slide to $67,000 is accelerating a shift into digital dollars

BTC

BTC/USDT

$62,486.21

-3.39%

$62,486.21

-3.39%

(24s)

24h Volume

$19,565,033,094.44

24h H/L

$64,730.15 / $61,938.00

Change: $2,792.15 (4.51%)

Long/Short

68.5%

Long: 68.5%Short: 31.5%

Funding Rate

+0.0012%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,519.99

▼ -2.34%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,663.04

Resistance 1$62,910.49

Price$62,519.99

Support 1$61,834.89

Support 2$60,586.08

Support 3$59,157.10

Pivot (PP):$62,911.12

Trend:Downtrend

RSI (14):36.8

CoinDesk Staff

(02:44 AM UTC)

1 min read

Reviewed bySarah Chen

788 views

0 comments

The crypto market is seeing a capital flight into dollar-linked stablecoins even as stocks and the Dollar Index remain calm.

A week ago, CoinDesk informed readers of the renewed rotation of funds into dollar equivalents such as tether USDT$0.9987 and USD Coin (USDC) stablecoins as bitcoin BTC$66,616.81 pulled back from the early May highs above $80,000. That combination was an early warning sign…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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