Crypto Price Crash: 7 Crypto Heavyweights on TerraUSD $UST Stability
"Ultimately, those types of things are what got us in trouble in 2008," said Dan Gunsberg, founder and CEO of Hxro Network.
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"Ultimately, those types of things are what got us in trouble in 2008," said Dan Gunsberg, founder and CEO of Hxro Network.
The Luna Foundation Group has said it will sell some of its massive bitcoin reserves to prop up UST again, while luna crashed 45%.
The TerraUSD algorithmic stablecoin dropped to as low as $0.67 in a sell-off that was sparked over the weekend.
The Federal Reserve raises interest rates in the United States, Coinbase takes out a crypto-backed loan and BitMEX’s founders are fined $30 million.
LUNA price is far from its all-time high but three key metrics signal that the altcoin could be preparing to rally.