What does the current crypto crash indicate for the future of cryptocurrencies?2 min read 15 May 2022, 11:21 AM IST
The current crypto crash was possibly triggered by a financial 'attack' on the stablecoin Terra (UST), which is supposed to match the US dollar but is presently trading at just 18 cents and its partner coin, Luna, subsequently collapsed
With cryptocurrencies trading lower today in the wake of the collapse of TerraUSD and the most volatile week for Bitcoin trading in at least two years, the question that has been popping up is why did the current crypto crash happen?
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