More Than $200 Billion Wiped Off Cryptocurrency Market in a Day

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.

TerraUSD stablecoin, hit major tokens hard. Bitcoin plunged by as much as 10% in the last day to its lowest level since Dec. 2020

Ethereum dropped as much as 16%.

Depegged' TerraUSD butchered LUNA; Terra plunged 97% in a month

The total market cap of Terra dropped below $2.75 billion

During its golden days, it was the eighth largest crypto token with a market cap of about $25 billion.