More than $200 billion wiped off cryptocurrency market in a day

[Jan]

Crypto carnage

A massive sell-off in cryptocurrencies wiped over $200 billion of wealth from the market in just 24 hours, according to estimates from price-tracking website CoinMarketCap.

The broad plunge in the crypto complex, driven by the collapse of the TerraUSD stablecoin, hit major tokens hard. Bitcoin plunged by as much as 10% in the last day to its lowest level since Dec. 2020, while Ethereum dropped as much as 16%.

 

[deweyzeph]

When the music stops playing you just have to make sure you're not the one without a chair.

 

[Sinbad]

To the moooooooooooooooon

Diamond hands boiz, diamond hands

 

[Willie Trombone]

And still well above 2018's ATH. If you bought in 2017 you're still well up.

 

[acidrain]

Buyers market now.

 

[Quicks]

Seems people can't make up their minds another article says $1 Trillion

Crypto crash: almost $1 trillion wiped off markets as Bitcoin hits lowest level since 2020

TerraUSD (UST), the 11th largest cryptocurrency by market cap, is an algorithmic stablecoin that uses a set of smart contracts to ensure its value stays as close...

www.techspot.com

 

[RedViking]

Means nothing. Today its worth 200 Billion. Tomorrow 200 thousand, next week 200 Trillion.

One of the most successful schemes out there.

 

[NarrowBandFtw]

woop, black friday sale coming early tomorrow!

 

[deweyzeph]

Buyers market now.

Bottom pickers get stinky fingers.

 

[Randux]

Just another Tuesday

 

[BBSA]

 

[Other Pineapple Smurf]

woop, black friday sale coming early tomorrow!

BTC half-price, get them while they are hot.

 

[NarrowBandFtw]

View attachment 1307524

you only lose if you sold

 

[Enzo Matrix]

BTC half-price, get them while they are hot.

That's what they said a week ago

Hodl!!!

 

[SteppaZA]

And this is why we called it a ponzi

 

[lordnokon]

I see Terra Luna is even worth 2c to the market... Eish this morning is was still trading at R3 to 1.

 

[Speedster]

And this is why we called it a ponzi

Well done. you've just successfully demonstrated that you have no idea what a Ponzi is

 

[Speedster]

View attachment 1307524

Who puts their lives savings on Terra Luna?

 

[Bluran]

 

[Snyper564]

I see Terra Luna is even worth 2c to the market... Eish this morning is was still trading at R3 to 1.

I bought now at 0.004

Lets roll the dice