Bitcoin tumbles to 11-month low while TerraUSD extends declines


BITCOIN fell below $30,000 and touched its lowest level since June, while the TerraUSD stablecoin continued its downward spiral.

The world’s largest cryptocurrency by market value fell more than 6% at one point Wednesday to trade at $29,085, nearly an 11-month low. Analysts had been watching the $30,000 as a key threshold, with many projecting that losses could accelerate once the coin falls below it.

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Bitcoin , TerraUSD , stablecoin , CPI

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