Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $28,500, down about 7%, although it fared better than most other major cryptos, underscoring its status as a less risky option during tumultuous times for the wider digital assets market. Ether, the second-largest crypto by market cap, was also off, declining approximately 11% over the same period, to roughly $2,050.
Source: https://www.coindesk.com/markets/2022/05/11/first-mover-asia-bitcoin-at-16-month-low-as-ust-collapse-shows-risks-of-algo-stablecoins/?utm_medium=referral&utm_source=rss&utm_campaign=headlines