Massive sales of cryptocurrencies led to losses of $ 200 billion in just 24 hours.
The extensive downturn in cryptocurrencies continues, with a series of bloodshed sweeping over $ 200 billion (€ 192 billion) from the entire market in one day.
The launch was the collapse of the dollar-anchored digital currency TerraUSD and therefore classified as a “stable coin”. The crisis of that currency – which traded $ 0.23 (about 22 cents) on Wednesday – polluted the entire cryptocurrency market: Bitcoin fell 10% and Ethereum 16%.