In cryptocurrencies, Bitcoin price today fell below $30,000 after advanced back above the $31,000 mark in the previous session.
Bitcoin has been trading around the $30,000 level for weeks now, defying predictions of a potential further decline but also struggling to gain upward momentum as the broader US market has also taken a beating.
On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, fell about 7% to $1,782.
On Friday, Japan became one of the first major economies to introduce a legal framework around stablecoins, following UST’s implosion.