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

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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.

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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