Bitcoin falls below $27K to December 2020 lows as Tether stablecoin peg slips...

Bitcoin falls below $27K to December 2020 lows as Tether stablecoin peg slips...

USDT is the latest stablecoin causing nervousness as 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.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTether wobbles as UST stays under $0.60Data 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....


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