Some see upside for Bitcoin, Ethereum in crypto bear market

TerraUSD, Luna case allows investors to sift the good from the bad, says industry player

New: Gift this subscriber-only story to your friends and family

Bearish sentiments and investor jitters continued to wash over the cryptocurrency market as prices swung to the red yesterday morning, a day after the biggest stablecoin by market capitalisation snapped its United States dollar peg, sending market anxiety soaring.

Some respite came as the market bounced back later in the day, but prices have fallen for many cryptocurrencies in the past week.

Already a subscriber? 

Dive deeper at $0.99/month

Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • 2-week e-paper archive so you never miss out on any topic that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on May 14, 2022, with the headline Some see upside for Bitcoin, Ethereum in crypto bear market. Subscribe