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Bitcoin plunges as Terra’s meltdown drags cryptos lower
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fnlondon.comBitcoin 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
Crypto week at a glance: Bitcoin slips below $30,000; Germany issues crypto tax guidelines economictimes.indiatimes.com /2 years ago
From blood-on-the-streets to a full-blown bubble, some conversations post-crypto crash economictimes.indiatimes.com /2 years ago
After Stablecoin Meltdown, US Crypto Industry Tries To Contain Fallout ndtv.com /2 years ago
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