Bitcoin falls to lowest in 16 months, reaches $28,379.26

Bitcoin fell to its lowest in 16 months on Thursday, continuing to fall alongside risk assets such as tech stocks, and also dragged down by the collapse of Terra USD, the so-called stablecoin which lost its dollar peg this week. 

The world's largest cryptocurrency dropped around 2% to as low as $28,379.26, its lowest since January 2021.