USDTerra stablecoin, UST gold USUSD, +18.12%, once among the top 10 largest cryptocurrency by market cap, lost its 1 to 1 peg against the US dollar, falling to as low as 6 cents on Friday, according to CoinDesk data. LUNA LUNAUSD, 18.75, another cryptocurrency backing UST, fell nearly to zero from over $80 in early … Read more
Bitcoin plunged and the world’s largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that inflation will necessitate aggressive central-bank tightening have sapped the desire to hold assets perceived as higher … Read more
Bitcoin prices have suffered a rout over the past week alongside other cryptocurrencies. Dreamstime Text size Bitcoin and other cryptocurrencies remained under pressure on Wednesday, but above their Tuesday lows, 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% … Read more
Bitcoin prices have suffered a rout over the past week alongside other cryptocurrencies. Dreamstime Text size Bitcoin and other cryptocurrencies remained under pressure on Wednesday, but above their Tuesday lows, 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% … Read more
A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value. TerraUSD traded as low as 23 cents on Wednesday, according to data from CoinDesk. As of 5:15 am ET, it had partially rebounded to about 41 cents in … Read more
Bitcoin’s tumbling price is dragging down MicroStrategy’s stock. Dreamstime Text size MicroStrategy , a software and Bitcoin holding company, was tumbling again as the price of the crypto continued to slide. Shares of MicroStrategy (ticker: MSTR) were down 23% in trading Monday, to around $227 a share. The company held 129,218 Bitcoins on its balance … Read more
Text size Cryptocurrency prices have slid since Friday. Dusan Zidar/Dreamstime Cryptocurrency market analysts are looking around for where to lay the blame as Bitcoin prices plunge on Monday. Bitcoin‘s correlation with stocks is certainly a major factor. Cryptos have tumbled in tandem with the S&P500 and Nasdaq index as investors freight over the possibility of … Read more
Text size Bitcoin prices haven’t been this low since January. Dreamstime Bitcoin prices neared their lowest levels of the year on Friday as cryptocurrencies suffered from a stock market selloff that spread to digital assets. There’s a chance for more volatility in the day ahead. The price of Bitcoin fell 8% over the past 24 … Read more
Bitcoin was trading around $37,000 Thursday. Rutmer Visser/Dreamstime Text size The price of Bitcoin, Ether, and other cryptocurrencies slumped on Thursday, reversing a recent rally as a deep selloff in the stock market spread to digital assets.. Bitcoin tumbled 6% over the past 24 hours to around $36,900, after ending 6% higher on Wednesday and … Read more