Crypto Meltdown as Terra’s LUNA Drags Bitcoin to its Lowest in 16 Months

The crypto world has suffered a catastrophic hit today; the blow came after the terraUSD, one of the topmost algorithmic stablecoins in the crypto market, collapsed. Terra is designed to trade 1:1 with the US dollar; but, after being at around $1 for about a year, yesterday the coin lost its peg to the US … Continue reading Crypto Meltdown as Terra’s LUNA Drags Bitcoin to its Lowest in 16 Months →Read more