

Some companies like Three Arrows Capital and Celsius have since filed for bankruptcy. Within a few weeks of Terra’s downfall, the crypto market plunged again and several crypto companies announced layoffs and froze withdrawals to slash costs due to the extreme market conditions. As of a result, many Terra and Luna investors saw their investments vanish in a matter of days. In May, crypto markets went into a freefall that led stablecoins TerraUSD (UST) to depeg from the dollar, which in turn, caused its linked cryptocurrency Luna to crash as well. U.S officials have shown a particular interest in stablecoin regulation, especially following the recent Terra Luna crash.
Cardworks youtube how to#
and across the world are trying to figure out how to establish laws and guidelines to make cryptocurrency safer for investors and less appealing to cybercriminals, so expect continued conversations about cryptocurrency regulation.

Ethereum, the second-biggest cryptocurrency, notched its own new all-time high late last year as well, and then crashed below $900 in June, its lowest level since the start of 2021.

While no one knows for sure, some experts say crypto prices could fall even further before any sustained recovery.īitcoin hit multiple new all-time high prices in 2021 - followed by big drops - and more institutional buy-in from major companies. While there have been small surges in recent weeks, the crypto market as a whole is largely stalled. The first half of 2022 has been very bad for the crypto market.īitcoin and ethereum are down more than 50% from their all-time highs in late 2021. For more information, see How We Make Money. Some links on this page - clearly marked - may take you to a partner website and may result in us earning a referral commission. We want to help you make more informed decisions.
