Cryptocurrencies
Bitcoin Breaches Key Level; Do Kwon-Backed Stablecoin Slips
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A swift selloff over the weekend in two tokens associated with Do Kwon highlighted weakness in the broader crypto market, as Bitcoin slid through a key support level Sunday to almost a four-month low.
The value of TerraUSD or UST, an algorithmic stablecoin that aims to maintain a one-to-one peg to the dollar, dropped below $1 to its lowest level in almost a year, pricing from CoinMarketCap showed.