The impact of this week's market turbulence has mutated across asset classes, killing the weak and fatally wounding the survivors. Following Monday's equity sell-off, crypto markets suffered a $920 million liquidation event, BitCoin dipped below $30,000, and Terra's UST stable coin dramatically decoupled from its peg before recovering.
Grey skies are here
Grey skies are here
Grey skies are here
The impact of this week's market turbulence has mutated across asset classes, killing the weak and fatally wounding the survivors. Following Monday's equity sell-off, crypto markets suffered a $920 million liquidation event, BitCoin dipped below $30,000, and Terra's UST stable coin dramatically decoupled from its peg before recovering.