Uneasy calm for crypto world but only after $270bn crash
Exchange-traded products linked to crypto also got hammered, with one tracking the troubled Luna token dropping 99% in a single day.
Even by the white-knuckle standards of the cryptocurrency universe, it was a standout week.
An algorithmic stablecoin called TerraUSD crashed from its dollar peg when the complex mechanism designed to ensure the link suddenly turned against it, sucking even the biggest digital assets into a vortex of panicked selling.
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