The de-pegging of the algorithmic stablecoin UST caused a death spiral for LUNA, wiping out over $40 billion in market value in days.
Started the year near $47,000 and dropped below $20,000 by June. cryptoprices_01-06_2022.xlsx
The market capitalization of the entire crypto sector shrank significantly during these six months. The de-pegging of the algorithmic stablecoin UST caused
The first half of 2022 was a transformative and volatile period for the cryptocurrency market. This timeframe, often referred to as the start of a "crypto winter," saw massive price declines, the collapse of major ecosystems, and a shift in investor sentiment from euphoria to extreme caution. Market Performance Overview 000 and dropped below $20
The Crypto Fear & Greed Index spent a record amount of time in "Extreme Fear" territory during June.
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