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Crypto crash – over $200Bn snatched from market in a day
The term “cryptocrash” has been trending on Twitter and Google Search – here’s why
More than $200 billion has been erased from the entire crypto market in a day
Bitcoin fell below $26,000 for the first time in 16 months.
All Crypto-currency markets are being rocked, but the concern is for Terra
The popular token lost 99 per cent of its value, dragging down a so-called “stablecoin” with it.
The Terra Luna token fell from a high of over 100 dollars last month, to 9 cents on Thursday.
The collapse had a knock-on effect on a linked token, which is normally stable.
Investors are shaking in their boots, with many pulling out of major crypto-currencies, sending markets plummeting.