Bitcoin Price Rebounds After Fall Below $26,000 – The Wall Street Journal

Bitcoin Price Rebounds After Fall Below $26,000 – The Wall Street Journal

Spread the love

Bitcoin plunged, then bounced back, 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 risk. On the other, the decoupling of TerraUSD, a stablecoin whose value was tied to $1, has sent ripples through digital assets. 

Tags
,

Related News

stocks-outshine-bitcoin-again-ahead-of-memorial-day-weekend-(cryptocurrency:btc-usd)-–-seeking-alpha
growth-of-alternative-bitcoin-investment-vehicles-makes-popular-on-chain-metrics-less-reliable-–-forbes
$36,000-or-$19,000?-where-is-bitcoin-price-heading-next-–-fxstreet