bitcoin has retaken $30,000 (for the moment), but the action remains pretty choppy. Also, why the Terra collapse is likely to slow crypto adoption. liqquidity reports in this morning's First Mover Americas.
) and the crash of the"algorithmic stablecoin" UST below its $1 peg wiped out at least $40 billion of market value.
According to Citi, nagging concerns about stablecoins generally have led to outflows from Tether's USDT. According to Citi, “tentative evidence suggests a reduction in trading volumes and futures positions but not wholesale declines in investor interest in the space.
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