© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

Turmoil and panic in crypto market as ‘stablecoin’ slump prompts wider collapse

The near-total crash of terra has fuelled real panic that the crypto sector may face existential problems

Shockwaves swept through cryptocurrency markets on Thursday as tether, the largest “stablecoin” and a foundational part of the digital asset ecosystem, broke its peg to the dollar in the latest blow to the struggling sector.

Bitcoin and ethereum, the two biggest cryptocurrencies, shed 5% and 12% respectively, extending losses that have seen both fall more than 20% over the past week. Losses have been even bigger for the smaller players, with dogecoin falling 10% on Thursday and 35% over the week.

Continue reading…

Related posts

Boris Johnson sighed in relief – then the message from UK local elections took hold

AEA3

Holidaymakers warned of rising coronavirus cases at European destinations

AEA3

Chair of Whitehall sleaze watchdog laments lack of diversity on panel

AEA3

Pin It on Pinterest

Share This