Wall Street

Why crypto’s bruising comedown matters

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Business Day

BITCOIN offices in Istanbul, Turkey seen on May 11, 2022. . Parallel to the global stock market, which has been stretched by the Fed’s 50 basis point policy rate hike, he sold $1 billion in cryptocurrencies to keep the stable coin TerraUSD (UST) at $1. UST, which rose to $ 0.95 yesterday, fell again to […] read more Why crypto’s bruising comedown matters

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