Crypto prices slip after Bitcoin's most volatile week in two years

Analysts say Bitcoin's $30,000 threshold will become 'a major resistance' if prices continue to consolidate below that mark over the next few days

Cryptocurrencies trended lower Saturday in the wake of the collapse of TerraUSD and the most volatile week for Bitcoin trading in at least two years.

The price of Bitcoin, the world’s largest cryptocurrency, slipped around 2.5% by noon in London to hover near the $29,000 mark, according to pricing by Bloomberg. Ether fell back below the $2,000 threshold shortly after midday, re-entering the lower ground after having previously recovered in Friday trading.

The wipeout of algorithmic stablecoin TerraUSD and its sister token Luna knocked more than $270 billion off the crypto sector’s total trillion-dollar value. The weekly net change in Bitcoin volatility