Posted on May 14, 2022
4 things to know as cryptocurrencies such as Bitcoin (and stablecoins) melt down
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https://www.npr.org/2022/05/14/ [login to see] /4-things-to-know-cryptocurrencies-bitcoin-stablecoins-terrausd
As the old maxim goes, sometimes the bigger they are the harder they fall.
Bitcoin and other cryptocurrencies surged during the pandemic, turning many amateur investors into millionaires, on paper at least. Bitcoin, for example hit to an all-time of nearly $68,000 in November.
Today, it's trading at less than half that amount as part of an intense sell-off that has accelerated in recent weeks.
It's been even worse for an area of cryptocurrencies called stablecoins, in particular one called TerraUSD that has tumbled hard.
Here's a look at what's going on.
As the old maxim goes, sometimes the bigger they are the harder they fall.
Bitcoin and other cryptocurrencies surged during the pandemic, turning many amateur investors into millionaires, on paper at least. Bitcoin, for example hit to an all-time of nearly $68,000 in November.
Today, it's trading at less than half that amount as part of an intense sell-off that has accelerated in recent weeks.
It's been even worse for an area of cryptocurrencies called stablecoins, in particular one called TerraUSD that has tumbled hard.
Here's a look at what's going on.
4 things to know as cryptocurrencies such as Bitcoin (and stablecoins) melt down
Posted from npr.org
Bitcoin
Investing
Money
Posted >1 y ago
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