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Bitcoin falls below $27K to December 2020 lows as Tether stablecoin peg slips under 99 cents

USDT is the latest stablecoin causing nervousness as Tether insists that operations are continuing as normal.
Bitcoin (BTC) fell out of its long-term trading range on May 12 as ongoing sell pressure reduced markets to 2020 levels.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTether wobbles as UST stays under $0.60Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it exited the range in which it had traded since the start of 2021.At the time of writing, the pair circled $26,700 on Bitstamp, marking its lowest since Dec 28, 2020.The weakness came as fallout from the Terra stablecoin meltdown continued to ricochet around crypto and beyond, with rumors claiming that even professional funds were experiencing solvency issues due to losses on LUNA and UST.”People are still processing this but this is the Lehman moment for crypto”Hearing about a lot of funds possibly insolvent from Luna meltdown—

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We współpracy z: https://cointelegraph.com/news/bitcoin-falls-below-27k-to-december-2020-lows-as-tether-stablecoin-peg-slips-under-99-cents

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