During this week we have seen a barrage of news regarding the cryptocurrency Luna and the stablecoin UST on account of both having become catalysts for negative sentiment in the cryptocurrency market.In this sense, following up on this event, which is not at all minor in the crypto world, and has created an interesting precedent, Derek Lim, head of crypto insights at Bybit has shared with us his opinion about the problem.
The cryptocurrency market experienced another day of pain on May 12, as the fallout from Terra's LUNA and UST plunge continues to reverberate through the ecosystem.
Bitcoin (BTC) bulls wanted a rematch of the USD 30,000 on May 12, when the market rallied from its lowest levels since late 2020.