Bitcoin and other cryptocurrencies remained under pressure, with the focus on the meltdown of stablecoin TerraUSD, which is designed to be pegged to the US dollar.
The price of Bitcoin fell 2% over the past 24 hours to just above $31,000, having dropped under $29,800 in the trough of Tuesday trading before rallying. Bitcoin began a slide last Thursday that took it to $36,000 from $40,000. By Monday, it was notching new yearly lows.
