Crypto world stabilizes, bitcoin rallies after stablecoin slide
HONG KONG / LONDON / NEW YORK, May 13 – Corrupt currencies remained stable on Friday, with the bitcoin returning to a 16-month low after a volatile week at which TerraUSD, a so-called stable coin Value was dominated by decline.
Extensive sales of risky investments have led to an increase in corrupt assets due to concerns over high inflation and rising interest rates. But wider financial markets have so far seen little effect from the crash of the corrupt currency.
James Malcolm, head of FX strategy at UBS, said, “Corruption is still small, and the integration of cryptocurrencies into large financial markets is still infinitely small.