Even as equities in global markets witnessed a breather with 2 of the US indices ending on a positive note, Indian indices notched substantially higher. Amid, it there has been brutal sell-off being witnessed in the crypto world. As of writing this copy, bitcoin at the time of writing this copy was down by close to 3% at $29,395 per ounce. Also, likewise, other top cryptos such as Ethereum were pounded by say over 2% and quoted at $1978.
Of the top 20 cryptos aggregated by Coindesk that constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges, there is seen selling pressure in most of them barring Loopring, while Luna still was seen crashing the most by over 23%.
As per a leading business daily, in the crypto meltdown now spanning quite a while, investors wealth has been wiped off by 60% from peak. Furthermore, the total crypto m-cap has come down to $1.26 trillion, down again by over 2 percent. At the same time, volume in the market has tumbled by over 18% to $68.50 billion.
Terra/ Luna crash together doomed whole of the crypto world and there still persists uncertainty after the free-fall in Terra sisters;.