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Bitcoin falls below $26,000, tether briefly edges down from $1 peg

3 min read Caitlin Ostroff 12 May 2022, 05:00 PM IST

Cryptocurrencies have been hit by a steep stock selloff and the decoupling of a major stablecoin from its peg

Bitcoin fell as low as $25,402.04 Thursday, down 10% from its 5 p.m. ET level Wednesday, its lowest level since December 2020, before rebounding to about $27,500, according to CoinDesk (Photo; Reuters) — Bitcoin fell as low as $25,402.04 Thursday, down 10% from its 5 p.m. ET level Wednesday, its lowest level since December 2020, before rebounding to about $27,500, according to CoinDesk **(Photo; Reuters)**

Bitcoin plunged and the world’s largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market.

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Bitcoin falls below $26,000, tether briefly edges down from $1 peg

Cryptocurrencies have been hit by a steep stock selloff and the decoupling of a major stablecoin from its peg

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