CoinDesk/Shaurya Malwa/5-11-2020
“The price action represented one of the biggest drops for a major cryptocurrency. Data shows LUNA prices have dropped 90% in the past week and 7% in the past hour alone. The tokens are now down 92% since lifetime highs of $119 in April 2022, just more than a month ago.”
USAGOLD note: Bloomberg reports this morning that the crypto market lost more than $200 billion yesterday in what it calls “a massive selloff” led by the LUNA-Terra plunge.
Cartoon courtesy of MIchaelPRamirez.com
