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Market Cap:
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Bitcoin Bitcoin Share: 59.7%
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cryptonews
2022-05-11 15:43:00

Crypto Market Dives – and Rebounds – Following UST De-Peg, US Inflation Report

Crypto Market Dives – and Rebounds – Following UST De-Peg, US Inflation Report

Bitcoin (BTC), ethereum (ETH), and the broader crypto market experienced a sharp correction today after the terraUSD (UST) stablecoin collapsed, and an inflation report in the US revealed higher-than-expected price rises. However, prices later turned around, marking a strong recovery for the major cryptoassets. As of 15:20 UTC, BTC traded at USD 31,459, up more than 1% over the past 24 hours and down 17% for the past 7 days. BTC past 14 days:...Read More: Crypto Market Dives – and Rebounds – Following UST De-Peg, US Inflation Report

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