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

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

Posted by admin | May 12, 2022 | Bitcoin News
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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
,
Name Price24H (%)
Bitcoin (BTC)
$28,858.00
-0.30%
Ethereum (ETH)
$1,764.34
0.87%
Tether (USDT)
$1.00
0.05%
BNB (BNB)
$302.56
1.43%
XRP (XRP)
$0.387172
-2.23%
Cardano (ADA)
$0.458625
-0.58%
Solana (SOL)
$41.47
-0.12%
Dogecoin (DOGE)
$0.082349
6.65%
Polkadot (DOT)
$9.28
4.80%
Avalanche (AVAX)
$23.04
3.75%
Terra Luna Classic (LUNC)
$0.000120
-12.86%

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