Bitcoin swung between gains and losses after tumbling to an almost 11-month low, while the TerraUSD stablecoin continued its downward spiral.The world’s largest cryptocurrency by market value fell as much as 6.2% to $29,085 before trading little changed. Analysts had been watching the $30,000 level as a key threshold, with many projecting that losses could accelerate once the coin falls below it.Meanwhile, the TerraUSD algorithmic stablecoin continued to spiral lower, trading at less then 30 cents. Backers of the coin are trying to raise about $1.5 billion to shore up the token after it crashed from its dollar peg, according to the founder of a firm that was approached about the deal.
Load More
Load More