Over the final two years, a increase in cryptocurrency costs has minted a era of millionaires, catapulting trade executives and even some common buyers to extraordinary wealth. However recently the crypto market has crashed. Final week, the collapse of a so-called stablecoin helped ignite a broader meltdown, tanking the worth of Bitcoin and wiping $300 billion in worth from the broader crypto financial system. Some buyers who had put their life financial savings into the crypto market misplaced all the things.
The New York Instances is reporting on the human penalties of each the latest meltdown and the broader volatility in cryptocurrency costs. We need to converse with buyers about their experiences. Did you lose cash in the latest crash? Had been you an investor in Luna or TerraUSD, the sister currencies that crashed the most dramatically? Have your different crypto bets over the years resulted in misplaced financial savings?
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