UST 'Stablecoin', Meant to Maintain a $1 Peg, Crashes to $0.26
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Watch $28,000 in Bitcoin (BTC) - Morgan Stanley
May 11, 2022 9:21 AM EDTMorgan Stanley strategist Sheena Shah reflected on Bitcoin (BTC) and the cryptocurrency market amid an ongoing selloff that pushed the former below the $30,000 mark again.
Bitcoin attempted to stage a recovery earlier this morning but the bulls were rejected at $32,150. Another hot set of inflation numbers has staged an intraday reversal that pushed BTC price lower to $29,011 - a new 11-month low for the worlds largest digital... More
Stablecoin TerraUSD Crashes to Push Bitcoin (BTC) Price Briefly Below $30,000, New Data Shows 40% Bitcoin Holders are Underwater
May 10, 2022 6:07 AM EDTBitcoin (BTC) price is attempting to stage a rebound this morning after plunging below the $30,000 mark on Monday, hitting an intraday low of 12%.
Not long afterward, the worlds largest cryptocurrency recovered to now trade at around $31,500 at 6:00 AM EST.
Yesterday marks the first time Bitcoin has traded below $30,000 since July 2021 when it was priced as low as $29,839. The latest drop comes amid a broader selloff in crypto and stock markets. The cryptocurrency market is down almost 10% in the last 24 hours, while the benchmark S&P 500 index is heading towards its lowest mark in more than a... More
