Cryptocurrencies took another hammering, with TerraUSD’s collapse yesterday causing an “industry-based panic”. Bitcoin nosedived another 14%, changing hands at US$27,039, its lowest level since the end of 2020. Ethereum, on the other hand, has lost nearly a quarter of its value in the last 24 hours, down 23% to US$1,824, its lowest price since March last year. According to Ipek Ozkardeskaya, yesterday’s unpegging of the Terra stable coins is causing “an industry-based panic”.
The Crypto Report: Crypto fall to lowest points in over year as TerraUSD becomes unpegged
