A swift selloff over the weekend in two tokens associated with Do Kwon highlighted weakness in the broader crypto market, as Bitcoin slid through a key support level Sunday to almost a four-month low. The value of TerraUSD or UST, an algorithmic stablecoin that aims to maintain a one-to-one peg to the dollar, dropped below $1 to its lowest level in almost a year, pricing from CoinMarketCap showed. UST’s algorithmic stablecoin efforts are being closely watched by both skeptics and supporters, said Kunal Goel, research analyst at Messari. Its roughly 1% decline over the weekend might seem relatively restrained given ... (full story)