Bitcoin value stable at USD30K, UST drops under USD0.1| MENAFN.COM

Wednesday, 29 June 2022 10:14 GMT

Bitcoin value stable at USD30K, UST drops under USD0.1


(MENAFN) On Wednesday, the value of Bitcoin was stable at about USD30,000, but the stable coin TerraUSD identified as UST dropped under USD0.1.

Bitcoin, the world’s highest crypto by market cap, was exchanging at USD30,029 at 10:05GMT for a daily loss of 1.8 percent.

The cost of Ethereum, the world’s biggest altcoin, was about USD2,040 at the time for a day-to-day drop of 2.2 percent.

The crypto market dropped around 50 percent of its worth throughout the last six weeks, standing at USD1.28 trillion at the time.

The crypto market is also struggling with inner hurdles, especially facing some difficulties with the controversial instable coin UST dropping since last week.

MENAFN19052022000045014228ID1104242101


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.