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EBGuy
2022 May 10, 9:10pm
As featured on Breaking Points: Crypto Markets In CHAOS As Bitcoin Plunges.
Rather than trading at $1, as designed, the TerraUSD coin, or UST, slipped over the weekend to around 99 cents. By Monday evening in New York, it had plunged to 60 cents, obliterating its previous low of 92 cents in May 2021. It clawed back losses on Tuesday and is fluctuating between around 90 cents and $1 -- a sign of trouble.
Shades of 2008?