The crypto market is going through a bloodbath. It has crashed from its all-time high of $2.8 trillion market capitalization to $1.2 trillion, halving its global market capitalization value. Volatility is the bread and butter of the cryptocurrency market. But these days it’s in absolute shambles as Bitcoin, the largest cryptocurrency that the rest of crypto market tends to tailgate, keeps plummeting partly because of its heavy correlation to the stock market. Also, the recent explosion of Terra-Luna has factored in the recent crash.
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