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Briefs: Cryptocurrencies drop further; scrutiny of Elon Musk’s Twitter moves intensifies

The Edge Singapore
The Edge Singapore5/12/2022 09:38 PM GMT+08  • 7 min read
Briefs: Cryptocurrencies drop further; scrutiny of Elon Musk’s Twitter moves intensifies
Crypto investors, aware of the fact that Bitcoin has gone through a boom-and-bust cycle before only to recoup losses over and over again, are preaching patience. (Photo: Bloomberg)
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Quoteworthy: "To the world, he says: Judge me not by my ancestors, but by my actions." — Victor Rodriguez, spokesman for Ferdinand Marcos Jr, who won the presidential election of the Philippines in a landslide. He is the son of former president Ferdinand Marcos.

Cryptocurrencies drop further as TerraUSD’s woes cloud the outlook

Cryptocurrencies resumed declines as the collapse of the TerraUSD stablecoin triggered a flight from many popular digital tokens.

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