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Stablecoin contraction forces Bitcoin drop despite Fed reserve gains

The dated comparison pairs a reserve rebound with shrinking dollar-token circulation, leaving the link to Bitcoin buying unestablished. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.

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Terms in this story

Stablecoin
A token designed to track a reference value, usually the US dollar, through reserves, crypto collateral or an algorithm.

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Original reporting

Liam 'Akiba' Wright, CryptoSlate

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