Forex News
Bitcoin resumes tumble, drops around 2%
2022.05.12 08:01
FILE PHOTO: A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic
HONG KONG (Reuters) – Bitcoin resumed its slide on Thursday, continuing to fall alongside risk assets such as tech stocks, and also dragged down by the collapse of TerraUSD, the so-called stablecoin which lost its dollar peg this week.
The world’s largest cryptocurrency dropped around 2% to as low as $28,379.26.
(Corrects to remove incorrect milestone)