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OKX, a notable cryptocurrency exchange has removed margin and borrowing services for Terra ecosystem tokens such as Anchor (ANC), Mirror (MIR), Luna (LUNA), and TerraUSD stablecoin (UST). Confirming the development to CoinDesk, the exchange said it will terminate the exchange-traded UST market for Bitcoin, Avalanche, Solana, and Ether today at
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Bitcoin, the largest cryptocurrency based on market capitalization, has recovered slightly after gaining over 9% in the last 24 hours. The past week saw Bitcoin have a 5-day straight fall to as low as $24k. However, its price climbed to $30k in the early hours of Thursday and at the
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It has been a week of free fall for LUNA, the native token of the Terra network, as it lost up to 99.7% of its value. The coin is down from $62 at the beginning of the week and $120 in mid-April. This change in market dynamics has also
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TerraUSD (UST) stablecoin, over the weekend, slightly lost its dollar peg and fell to $0.98 as against the usual $1.00. It, however, bounced back on Sunday. Similarly, its native token (LUNA) plunged by almost 20% after its co-founder Do Kwon launched an FUD - fear, uncertainty and doubt-
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Bitcoin, the largest cryptocurrency by market capitalization, has hit a three-month low. At the time of writing, BTC trades at $33,596, down by 2.29% in the last 24 hours and 13.62% in the last seven days. This development comes days after analysts reported bearish movements on the
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Have you ever bought some cryptocurrencies, Bitcoin for instance, and then a few hours later, the price either climbs by several points or slips low by some figures? Well, it isn’t strange; it depicts volatility - how large the price of an asset can swing from the mean price.