SHANGHAI: Cryptocurrency bitcoin’s value went higher Thursday, cracking through $30,000 after the collapse of TerraUSD, a so-called stablecoin, drove it to a 16-month low of around $25,400.
The dollar hovered near 20-year highs as investors continued to digest worries about persistently high inflation and tightening US central bank policy.
The U.S. dollar remained near 20-year highs, supported by safe haven demand as Russia bristled over Finland’s plan to apply for NATO membership, with Sweden potentially following suit.