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All cryptoassets have been suffering for several weeks from the rise in the dollar favored by the rise in US interest rates. This Friday, bitcoin is trying to recover after falling the day before to its lowest level in 16 months.
Bitcoin, the main cryptocurrency by its overall market value, gained 4.57% to $ 30,217.32 at 08:30 GMT against $ 25,401 in session the day before, its lowest level since December 2020. Ether, the second-largest cryptocurrency by capitalization, was trading at just over $2,000 on Friday after falling the previous day to $1,700, nearly 60% below its November peak. These declines logically affect listed companies specializing in cryptoassets, such as Coinbase, the main trading platform in the sector, whose market value has fallen by 55% in six sessions.
The entire "crypto" market has been shaken in recent days by the fall of TerraUSD, a "stablecoin", a digital token (token) whose value is linked to that of a "classic" asset, in this case the US dollar, and therefore supposed to escape the sudden and often violent fluctuations of other cryptoassets
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