The cryptocurrency market is very erratic, here the investor reaches the sky in a moment and falls on the ground in another moment. Looking at the situation prevailing in the digital currency market in the past, the negative sentiment among the investors has gone home. This is the reason why most of the currencies from bitcoin-Ethereum have collapsed. During this, the biggest setback has been felt by the investors of Terra and its sister currency Luna. Both of them fell so much that the exchanges delisted them.
So much loss to investors in one stroke
First of all, let us tell you that where the investors were defrauded by the deteriorating condition of Terra while taking it step by step, Luna broke down so much that it completely shook its investors. Cryptocurrency Luna is almost 100% broken, according to the report, its price has fallen from Rs 9000 to 50 paise. Investors lost $ 40 billion due to its fall on Saturday.
The dangers of the crypto market exposed
This massive drop in Luna confirms that there is volatility in the cryptocurrency market that could pose a major threat to investors. Due to the declining trend of cryptocurrencies for some time, not only Terra or Luna but also others including the world's most popular bitcoin are in bad shape. Bitcoin has broken more than 50 percent from its highs. At this time, the effect of selling in the crypto market is also clearly visible in the form of a fall.
Exchanges have delisted
Due to the biggest drop, exchanges have delisted both Luna and Terra from their platforms. Crypto exchanges remove it from their platform when the price of cryptocurrency drops drastically. This is done so that new investors cannot buy that crypto. Since the price of Luna has fallen drastically, new investors may buy it in the hope that its value may rise again. However, even if crypto is delisted on some exchange, investors can still transfer them to the exchange where they are still listed.
Why are cryptocurrencies falling continuously?
Stablecoins are the main reason behind the massive decline in the cryptocurrency market. In fact, at this time there is instability in Stablecoin, which has had the worst effect on Terra and Luna Coin. The price of Luna has dropped by 100%. Satwik Vishwanath, CEO, and co-founder of crypto exchange Unocon said that at this time there is a huge decline in equity and commodity markets around the world, which is also affecting the crypto market.
Experts said - lessons will have to be taken from the fall
Experts are comparing this decline to the big financial crisis of 2008. It is also prompting us to demand stricter laws governing financial assets, he says. Several financial experts, including Muthoot Microfin CEO Sadaf Saeed, said the Luna crash should be taken as a lesson. Especially, in developing countries were investing in cryptocurrencies has recently become a craze for the rich. However, questions have also been raised about the revival of the decline in Luna. However, if we look at the unregulated market of crypto, then no one can say when which cryptocurrency becomes a profitable deal here.
Vikrant Massey left the industry? Announced retirement from acting, wrote in the post 'Now it's time to go back home...'
Vikrant Massey is one of the most talented actors in Bollywood. He has played many types of roles in his career so far and has made a place in the hearts of the audience. But on December 1, Vikrant
Microsoft Outage: 'This is the beginning of the Third World War', rumors rife on the internet after a server crash
On Friday, the world's pace suddenly came to a halt due to a Microsoft server going down. This IT crash has become the biggest IT crisis in recent years. It is even being called a digital pandemic.
Pakistani Taliban threatens to target top leaders of PML-N and PPP
The Tehrik-e-Taliban Pakistan (TTP) on Wednesday threatened to target top leaders of the two main political parties of the ruling coalition. TTP is only running "Jihad" in Pakistan. The TTP has warned
CLAT Registration 2023: Today is the last day for CLAT application, see exam date here
CLAT 2023: The Consortium of National Law Universities has extended the registration deadline for the Common Law Admission Test (CLAT 2023) exam. Earlier this deadline was to end on November 13, which
Flights Delayed: Dense fog in Delhi, and 10 flights were delayed at Delhi airport due to poor visibility
Due to dense fog in the national capital Delhi this Wednesday morning, visibility has reduced significantly. Due to low visibility at Delhi's Indira Gandhi International Airport, 10 flights departing
'I am very impressed with your minister, watch his speeches', UAE minister praises Jaishankar
UAE Minister Praises Jaishankar: United Arab Emirates (UAE) Minister of Artificial Intelligence Omar Sultan Al Olama has called on Indian Foreign Minister S. Jaishankar has been praised a lot. He told
DPIIT: The vision of National Logistics Policy is getting better results, and benefits in infrastructure
On the National Logistics Policy, Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), said on Friday that the work done by us in the last year in the
Russia Ukraine War: America helping Russia behind the scenes? Iran's drone uncovered the pole
There has been no solution to the war between Russia and Ukraine that has been going on for more than eight months. Russia has destroyed Ukraine with missile attacks, but Ukrainian President Zelensky
MS Dhoni created history at Ekana Stadium in Lucknow, and became the first wicketkeeper in the world to achieve this feat.
Former Chennai Super Kings captain MS Dhoni created history on Friday by playing an aggressive unbeaten inning of 28 runs in the 34th match of IPL 2024. At the Ekana Stadium in Lucknow, 42-year-old
CBSE 12th Result 2024: Trivandrum leads with a 99.91% pass percentage, know region-wise pass percentage here
CBSE 12th Result 2024: CBSE Board has released the class 12th result. Class 12th students can check their results immediately by visiting the official website. This time 87.98%
