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Bitcoin drops below $30000 for the first time since July 2021 – Al Arabiya

The world’s largest digital token fell as much as 3.9 percent to $29,764 in Asia before paring the slide.

The crypto market is also monitoring TerraUSD, an algorithmic stablecoin that aims to maintain a one-to-one peg to the dollar. The peg appeared to fray, with the token’s value falling below 70 US cents Tuesday, according to CoinGecko data.

…Read the full story

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