Cryptocurrency markets have gone through one of the most arduous processes in their history in recent days. Markets that have been shaky for some time due to global economic conditions, UST (TerraUSD) faced major chaos with the collapse of the dollar-indexed cryptocurrency. If the total loss in the last 24 hours over $275 billion from†

The situation in the markets is so complex that Bitcoin in the last 24 hours more than 11 percent lost value. The overall size of the cryptocurrency markets lost about 20 percent. up to $1.11 trillion no matter how much it decreased. Investors know very well; The least red candle in Bitcoin turns altcoins into a bloodbath. That’s what happened. Ethereum for example in the last 24 hours about 22 percent has suffered a loss of value.

“There is a snowball effect”

*The latest situation in the 10 cryptocurrencies with the largest volume. Source: Coinmarketcap

The sequence of events did not escape the attention of the names in the industry. For example, the Netherlands-based cryptocurrency exchange BigONE exchangeThe statements by Andy Lian, the head of UST, stated that the fluctuation in the UST spread across all cryptocurrency markets and caused a snowball effect. Discussions of inflation and recession in real markets have already attracted investors. because you’re scared Lian mentions that with Bitcoin’s decline, investors began to fear for the good and panic selling deepened.

Definitely what awaits cryptocurrencies, investors and exchanges unpredictable† However, this is to the advantage of those who disbelieve in cryptocurrency technology and traditional proponents of finance. Even in one of our news stories we shared with you yesterday. United States Secretary of the Treasury Janet Yellen on the statements of we called† yellen,”The stablecoin known as TerraUSD ran into a problem and lost value. I think this (stable coins) is a fast growing product and the risks it carries are also increasing fast.‘ he had used.

This content cannot be considered investment advice.