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Home Crypto News Bitcoin

Bitcoin at 16-Month Low as UST Collapse Shows Risks of ‘Algo’ Stablecoins

by ethozedge
May 11, 2022
in Bitcoin
Reading Time: 1 min read
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Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $28,500, down about 7%, although it fared better than most other major cryptos, underscoring its status as a less risky option during tumultuous times for the wider digital assets market. Ether, the second-largest crypto by market cap, was also off, declining approximately 11% over the same period, to roughly $2,050.



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Tags: 16MonthAlgoBitcoinbitcoin newsCollapsecrypto analysiscrypto newsEthoz EdgeLatest bitcoin newslatest crypto newsRisksShowsStablecoinsUST
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