Tag: Money/currency markets

Digital in yours hands

TerraUSD Cryptocurrency Plunges as Investors Bail Out

A sell-off in a cryptocurrency believed to be pegged to $1 accelerated on Wednesday, briefly sending its price below a quarter of that value. TerraUSD traded as low as 23 cents on Wednesday, according to data from CoinDesk. As of 2:43 p.m. ET, it had partially rebounded to around 68 cents in volatile trading. A…
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Stablecoin Terra Merger Intensifies

Bitcoin prices have taken a rout over the past week alongside other cryptocurrencies. The time of dreams Text size Bitcoin and other cryptocurrencies remained under pressure on Wednesday, but above their lows on Tuesday, with the focus on the stablecoin’s collapse TerraUSD, which is designed to be pegged to the US dollar. Bitcoin price has…
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