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$1 Trillion Crypto Meltdown—Huge Crash Wipes Out The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Solana, Terra’s Luna And Avalanche

May 13th, 2022
Categories: News

Link: https://12ft.io/proxy?q=https%3A%2F%2Fwww.forbes.com%2Fsites%2Fbillybambrough%2F2022%2F05%2F12%2F1-trillion-crypto-meltdown-huge-crash-wipes-out-the-price-of-bitcoin-ethereum-bnb-xrp-cardano-solana-terras-luna-and-avalanche%2F%3Fsh%3D1f20284345fd

Bitcoin and cryptocurrencies crashed further overnight, dropping to levels not seen since crypto market began surging in 2020 wiping away$1 trillion worth of value in a month as a serious "ripple" warning comes into effect. Bitcoin price dropped to $27,000 per bitcoin, down 12% last 24 hours, dragging down the wider crypto market with other top ten coins ethereum, BNB BNB , XRP XRP , solana, cardano, and avalanche had even steeper loses. Ethereum crashed 22% since this time yesterday;. sell-off comes after $18 billion algorithmic stablecoin terraUSD (UST) lost its peg to the U.S. dollar, wiping out the price of its support coin luna which has lost 99% of its value

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