‘Crypto markets have mostly stabilized’

It’s been a brutal week for the cryptocurrency market.

In the last 24 hours, more than $200 billion of wealth was wiped from the market. Bitcoin (BTC) fell below $30,000, sinking to $26,597, as the TerraUSD (UST) stablecoin crashed far below its $1 peg, applying more downward pressure on the overall market.

But fear not: The cryptocurrency market won’t crash to zero, Sam Bankman-Fried told Fortune. Though his net worth has fallen by half since late March, the 30-year-old crypto billionaire

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