Crypto in free fall

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In bullish periods, leverage is a way for investors to tougher rules, making a market cash, but when the market tanks, those positions quickly unwind. Then, digital assets were the correlated to everything else, like technology stocks.

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Free Stock Footage / Bitcoin Falling
"After the collapse of FTX, the cryptocurrency ecosystem saw a free fall in asset prices. This latest rebound highlights the resilience of. BTC price fell 7% to below the $41, level in the last 24 hours, erasing earlier gains. On the other hand, Ethereum (ETH) price fell 8% to hit. Bitcoin's price was in freefall from yesterday, but is now expected to bounce. This was likely a signal of a larger downtrend starting.

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Cryptocurrencies proof of stake

Kwon Do-hyung, the founder of Terra-Luna, is wanted by South Korea and the US for his role as the creator of the cryptocurrency stablecoin which was guaranteed by an algorithm rather than with appropriate funds, after the loss of 40 billion dollars by investors. A proposal by the founder of the troubled Terra ecosystem to salvage the project was approved Archived from the original on 12 May Markets Insider.