Bitcoin dips to $29,848 as cryptos bear fallout of Terra collapse

17

The cryptocurrency market remained bearish on Wednesday as the fallout over a collapsed stablecoin TerraUSD continues to keep sentiment in check, with market capitalisation losing 2.1 percent to reach $1.34 trillion.

The largest cryptocurrency Bitcoin’s (BTC) price slipped 1.9 percent to $29,848. With this decrease in price, the market capitalisation of the biggest crypto has reached $569 billion.

Bitcoin has shed 3.8 percent of its value over the last seven days. Following Monday’s drop to $29,000, Bitcoin reacted well and reclaimed the coveted $30,000 line. —TLTP

Previous articleIRSA releases 196799 cusecs water
Next articleFootballs export witnesses 40.38pc increase in last 10 months