Tough Days for Crypto Market

$BTC fell below $30,000, setting a new low this year, the entire crypto market went into free fall.

$UST lost its peg to the USD, fell as low as $0.6879, meaning 1 $UST will only get you US$0.6879.

There was a massive $UST dump over the weekend which could have created even more fear on top of an already fearful crypto and world markets in general.

https://seekingalpha.com/news/3835042-ust-stablecoin-loses-1-peg-to-us-dollar-luna-tokens-fall

As of writing, $UST has recovered to $$0.929, thanks to the LFG Council and true believers of the algorithmic stablecoin.

Scary times, if $UST collapse, it will probably send a massive wave of fear and panic across the entire crypto market, people will lose confidence in crypto, but I don't think the big boys will allow it to happen.

Nayib Bukele, my favourite president:

Michael Saylor, this guy is a legend:


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