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Bitcoin: Binance has just finished converting $1 billion of stablecoins into 15,000 BTC

A BTC conversion completed in just 2 weeks. On January 30, the crypto exchange Binance announced its intention to convert $1 billion of stablecoins into Bitcoin (BTC) for its SAFU fund. Although the group founded by Changpeng "CZ" Zhao had set 30 days to accomplish this conversion, it ultimately took barely 2 weeks. The low prices of the king of cryptos certainly encouraged the exchange to take advantage of it as quickly as possible.

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The dollar starts the year in the red, and usually, the fragility of this asset benefits Bitcoin and cryptocurrencies. But that is not the case this time, as Bitcoin has been stuck around $90,000 and has plunged to $81,000. The downward volatility has led to a widespread decline in cryptos, and the market is recording $1.9 billion in liquidations. Panic underway in cryptocurrencies? Let's take stock in the BTC bulletin of January 30!$BTC

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