Crypto Investors Do Not, Under Any Circumstances, 'Gotta Hand It To Luna'
On Monday, Gizmodo showed you how much money you have today if you invested in various cryptocurrencies. All the top cryptocurrencies, like Bitcoin and Ether, were down big, except for one standout coin: Terra’s Luna. If you bought $100 of Luna six months ago, you had about $119 worth of Luna early Monday morning. But that’s all changed in just a couple of short days.
Luna has plummeted from a price of $54.36 early on Monday to $3.71 at the time of this writing. Needless to say, people have lost a lot of money in a very short period of time. If you bought $100 of Luna six months ago, that crypto is currently worth just $7.34. Shit, if you bought $100 of Luna justBut it’s not just Luna that’s experienced an extreme crash this week. Over the past 24 hours, Bitcoin is down 5%, Ethereum is down 4.3%, and BNB is down 7.7%.
Treasury Secretary Janet Yellen even discussed TerraUSD, which was developed in South Korea, as well as the volatility of stablecoins during testimony in front of the Senate Banking Committee on
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