Bitcoin Resumes Tumble, Drops Around 2%

Bitcoin Resumes Tumble, Drops Around 2%

HONG KONG (Reuters) – Bitcoin resumed its slide on Thursday, continuing to fall alongside risk assets such as tech stocks, and also dragged down by the collapse of TerraUSD, the so-called stablecoin which lost its dollar peg this week.

The world’s largest cryptocurrency dropped around 2% to as low as $28,379.26.

(Corrects to remove incorrect milestone)

(Reporting by Alun John; Editing by Christopher Cushing)