The price of Terra (LUNA) has fallen over 99% in a day. It is one of the top 10 cryptocurrencies, but is now ranked 298th. Its market capitalization has also fallen nearly 98% leaving only $ 71,646,201 left. The fall in prices this week has been a nightmare for many investors, with the blink of an eye the investments invested disappearing.
On social media, LUNA became hot news. Many are talking about it and speculating. Not only that, it also presents a question mark as to whether there is still hope. Speculation remains growing around Terraform Labs, which is understood to be negotiating to revive LUNA so that it gets back on track. Waima so, crypto investing is a lingering risk, and the risky market is now facing a tough episode.
Investors and market players now prefer to invest in safe and low -risk markets. With rising interest rates in the U.S., investors are more likely to shift their investments to the bond market.
The market is volatile at the moment, affected by war conflicts, supply chain issues and inflation issues. The crypto market is no exception. LUNA was even more unfortunate in the face of the collapse of their mechanism when the backing of the US dollar began to break. At the time of writing the price of LUNA has fallen to the price level of $ 0.01882. This huge fall forced crypto exchanges to save themselves, some exchanges started restricting the production and entry of LUNA crypto in their exchanges.
Bitrue between crypto exchanges announced a more drastic move by no longer supporting LUNA & MIR. In the latest announcement, spot trading for this pair will be eliminated the next day UTC 03:00;
5.12_LUNA_MIR_Down.jpg
- LUNA/BTR
- LUNA/BTC
- LUNA/ADA
- LUNA/UST
- MIR/XRP
- MIR/ADA
- MIR/UST
Not only that futures trading has also been frozen. Apart from Bitrue, several other exchanges are also taking similar steps.
