Rates & Bonds
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CORRECTED-Bitcoin resumes tumble, drops around 2%
May 12, 2022
By Reuters
By Reuters
Corrects to remove incorrect milestone
HONG KONG, May 12 (Reuters) – Bitcoin BTC=BTSP resumed its slide on Thursday, continuing to fall alongside risk assets such as tech stocks, and also dragged down by the collapse of TerraUSD, the so-called stablecoin which lost its dollar peg this week. nL2N2X30RZ
The world’s largest cryptocurrency dropped around 2% to as low as $28,379.26.
(Reporting by Alun John; Editing by Christopher Cushing)
This article originally appeared on reuters.com