Tag Archives: Bitcoin’s 2021 gains wiped out in stablecoin rout

Cryptocurrencies extended their sell-off on Thursday, with Bitcoin falling to its lowest levels in 16 months as a stampede out of so-called stable coins sent shockwaves around broader markets. The latest blow to Bitcoin and its smaller rival Ether, which has shed more than half its market value so far this year, came from a meltdown this week in TerraUSD, …

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