SINGAPORE - The cryptocurrency bloodbath has continued this week with Bitcoin at levels not seen since late 2020 while the value of the entire digital coin market has fallen below US$1 trillion (S$1.4 trillion) for the first time since January 2021.
The rout comes after the crash of the Terra USD/Luna stablecoin project last month, which resulted in a significant loss in confidence in the crypto ecosystem.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you