Bitcoin falls below $27K to December 2020 lows as Tether’s peg slips under $0.99
USDT is the latest stablecoin causing nervousness, while Tether insists that operations are continuing as normal.Bitcoin (BTC) fell out of its long-term trading range on May 12 as ongoing sell pressure reduced markets to 2020 levels.
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it exited the range in which it had traded since the start of 2021.At the time of writing, the pair circled $26,700 on Bitstamp, marking its lowest since Dec. 28, 2020.The weakness came as fallout from the Terra meltdown continued to ricochet around crypto and beyond, with rumors claiming that even professional funds were experiencing solvency issues due to losses on LUNA and TerraUSD (UST).
Source
https://t.me/Crypto_Futures_Trading
