UST-Luna Crash Wipes Out Billions of Dollars from Crypto Markets | Crypto News
The contagion from the Luna-UST crash wiped out $300 billion dollars from the crypto markets. And Bitcoin - the largest cryptocurrency, bled the most. According to CoinGlass, a crypto analytics tracker, bitcoin derivatives traders lost over $1.2 billion due to liquidations. So what lies ahead for the OG of the crypto world and other altcoins?
Joining us to talk more about this is Benjamin Stani - Business Development and Sales Director at Matrixport.
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#Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi
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Forkast.News covers blockchain, DLT, cryptocurrency and other emerging technologies in a way that anyone can understand. We help you bridge the gap between the blockchain industry and the mainstream.
From NFTs to enterprise blockchain platforms, smart contracts to altcoins, Bitcoin to DeFI and beyond; Forkast’s blend of insight, analysis & daily blockchain news keeps you on the cutting edge of the digital asset revolution and the wider digital economy it both supports and disrupts.
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The contagion from the Luna-UST crash wiped out $300 billion dollars from the crypto markets. And Bitcoin - the largest cryptocurrency, bled the most. According to CoinGlass, a crypto analytics tracker, bitcoin derivatives traders lost over $1.2 billion due to liquidations. So what lies ahead for the OG of the crypto world and other altcoins?
Joining us to talk more about this is Benjamin Stani - Business Development and Sales Director at Matrixport.
---
#Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi
---
RECOMMENDED PLAYLISTS:
Word On The Block: https://youtube.com/playlist?list=PLE...
The Daily Forkast: https://youtube.com/playlist?list=PLE...
---
ABOUT FORKAST.NEWS
Forkast.News covers blockchain, DLT, cryptocurrency and other emerging technologies in a way that anyone can understand. We help you bridge the gap between the blockchain industry and the mainstream.
From NFTs to enterprise blockchain platforms, smart contracts to altcoins, Bitcoin to DeFI and beyond; Forkast’s blend of insight, analysis & daily blockchain news keeps you on the cutting edge of the digital asset revolution and the wider digital economy it both supports and disrupts.
#crypto #cryptonews #cryptocurrency #cryptocurrencynews #cryptomarket #blockchain #blockchaintech #blockchainnews #blockchaintechnology #digitalasset #digitalinvestment #digitaleconomy #digitalcollectible #digitalcurrency #meta #metaverse #deFi #NFT #NFTs #Matrixport #BTC #Bitcoinprice #Bitcoinperformance #ETH #ETH2 #altcoin #bitcoin #solana #avalanche
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Francisco Gimeno - BC Analyst After the Luna disaster, there are those who feared that this could be a systemic risk to the whole crypto. It seems there is resiliency, and the crypto market itself will survive and will survive the wiping out of those lost billions. However, individual coins, tokens digital assets will have to be examined to see if they have a real foundation or everything is smoke and mirrors. Imagine if what happened to Luna happens to Tether. Let's just be careful and also wait what happens in the world economy to see the future trend of crypto.