People often get a quick glimpse of hope in the cryptocurrency market, only to see it crash hard shortly after. The day before, the cryptocurrency market was all green, but the bulls couldn’t keep the market going for too long. Check out Quantum Code if you’re looking for a Bitcoin trading platform. Most people thought that prices would go down when trading began today. In the last 24 hours, the global cryptocurrency market lost 2.31 percent of its value, dropping to $916.86 billion.
What exactly is this Terra Classic?
The peg of its algorithmic stablecoin, called UST, caused many problems for the Terra ecosystem at the beginning of this year. In terms of the dollar, the value of the second went down. Even though this might be bad for stable coins with a central bank, it was the last straw for UST.