Cryptocurrency TerraUSD Plunges as Investors Bail
Cryptocurrency TerraUSD Plunges as Investors Bail
A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value.
TerraUSD traded as low as 23 cents Wednesday, according to data from CoinDesk. As of about 5 p.m. ET, it had rebounded partially to about 67 cents in volatile trading.
