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The cryptocurrency market is currently experiencing a loss of US$200 billion after the collapse in value of stablecoin TerraUSD. As a result, Bitcoin reaches its lowest value in 16 months, while Ether drops to its lowest value in 11 months. This significant decline in prices raises concerns and impacts the overall market sentiment. Investors and traders are closely monitoring the situation as they navigate the volatility in the cryptocurrency market.
Wednesday, 11 May, 2022