Cryptocurrencies Drop Further as TerraUSD’s Woes Cloud Outlook

DeFi favorites Avalanche, Solana give up brief Thursday rally
Bitcoin back to lowest since 2020 amid vulnerable sentiment

Bitcoin Touches 11-Month Low

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By Olga Kharif, Vildana Hajric, and Sidhartha Shukla

May 11, 2022 at 9:02 AM EDT

Updated on

May 12, 2022 at 1:29 AM EDT

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Cryptocurrencies resumed declines as the collapse of the TerraUSD stablecoin triggers a flight from many popular digital tokens.

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Before it’s here, it’s on the Bloomberg Terminal