Bitcoin Price Rebounds After Fall Below $26,000

Posted on AllSides May 12th, 2022
From The Center

Bitcoin plunged, then bounced back, and the world’s largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market.

Cryptocurrencies have been hit by two forces this week. On one side, concerns that inflation will necessitate aggressive central-bank tightening have sapped the desire to hold assets perceived as higher risk. On the other, the decoupling of TerraUSD, a stablecoin whose value was tied to $1, has sent ripples through digital assets. 

Bitcoin fell as low as $25,402.04 Thursday, down 10% from its...

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