Bitcoin (BTC), ethereum (ETH), and the broader crypto market experienced a sharp correction today after the terraUSD (UST) stablecoin collapsed, and an inflation report in the US revealed higher-than-expected price rises. However, prices later turned around, marking a strong recovery for the major cryptoassets. As of 15:20 UTC, BTC traded at USD 31,459, up more than 1% over the past 24 hours and down 17% for the past 7 days. BTC past 14 days:...
Crypto Market Dives - and Rebounds - Following UST De-Peg, US Inflation Report
Crypto News - 11 May 2022 17:43
Bitcoin (BTC), ethereum (ETH), and the broader crypto market experienced a sharp correction today after the terraUSD (UST) stablecoin collapsed, and an inflation report in the US revealed higher-than-expected price rises. However, prices later turned around, marking a strong recovery for the major cryptoassets. As of 15:20 UTC, BTC traded at USD 31,459, up more than 1% over the past 24 hours and down 17% for the past 7 days. BTC past 14 days:...
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