Bitcoin Snaps 5-Day Slide After Briefly Crashing Below $30,000

TerraUSD stablecoin fluctuates in range of 90 cents to $1
Tighter financial conditions may remain longer term obstacle

Novogratz on Bitcoin Volatility, Pain in Markets

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Before it’s here, it’s on the Bloomberg Terminal

By Sidhartha Shukla and David Pan

May 9, 2022 at 7:08 AM EDT

Updated on

May 10, 2022 at 2:38 PM EDT

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Bitcoin rebounded from a swoon below $30,000 as a selloff in stocks eased and a bout of calm washed across global markets.

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Before it’s here, it’s on the Bloomberg Terminal