Bitcoin's Volatility Continues as Investors Monitor U.S. Economy and Stablecoin Pegs

Bitcoin and most major altcoins remain jittery after a dip to a three-month low, with Tether's USDT stablecoin deviating from its $1 peg amid a sell-off on Uniswap and Curve pools. The US Securities and Exchange Commission (SEC) mentioned MATIC among 19 cryptos in its lawsuits against crypto exchange giants Binance and Coinbase last week. Cryptos' fade over the past two days continued its decoupling path from US equities, which rose on Thursday as investors drew confidence from encouraging economic indicators. Vineeth Bhuvanagiri, managing director of EMURGO Fintech, compared the current market climate to 2019 and sounded a cautious note about rate hike uncertainties, declining economic growth, and potential challenges for the banking sector.