Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Acr

[sirty143]

Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy

During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value... See more for yourself here.

Your opinion is greatly appreciated.

[hasyurt]

It dealt a serious blow to Luna and the upper markets. After the Fed increased interest rates, while the markets were going up, Luna's actions were officially suicide in the name of cryptocurrencies. I think confidence in the cryptocurrency market has waned. It seems that there is not much inflow of new money at the moment. There were people who lost a lot of money. If there will be money inflow again, they must take altcoins to serious places. Nobody wants to invest in a place where a lot of people lose money.