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Bitcoin plunges as Terra’s meltdown drags cryptos lower
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Bitcoin and other cryptocurrencies remained under pressure, with the focus on the meltdown of stablecoin TerraUSD, which is designed to be pegged to the US dollar.
The price of Bitcoin fell 2% over the past 24 hours to just above $31,000, having dropped under $29,800 in the trough of Tuesday trading before rallying. Bitcoin began a slide last Thursday that took it to $36,000 from $40,000. By Monday, it was notching new yearly lows.
Read more on fnlondon.comAbout this in other media
Bitcoin price coma greets Wall Street open amid signs market ‘calling for rally’ cointelegraph.com /1 year ago
Crypto week at a glance: Bitcoin slips below $30,000; Germany issues crypto tax guidelines economictimes.indiatimes.com /1 year ago
Bitcoin ends week 'on the edge' as S&P 500 officially enters bear market cointelegraph.com /1 year ago
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