Crypto Market Is Falling Into a Boring Pattern, What Is Next?
2022.05.23 18:16
Crypto Market Is Falling Into a Boring Pattern, What Is Next?
- The crypto market has fallen into a pattern for the last two weeks.
- Bitcoin still stands at around $30K.
- Is it time for another bull run?
After the major fall down that was witnessed in the cryptosphere lately, the market has fallen into a boring pattern for the last two weeks. Bitcoin has been stuck at around $30K, Ethereum is also hovering around $2000, while the rest of the market is relatively stable.
During the fall down, the market witnessed some unusual numbers: Bitcoin has dropped below $27 thousand, as it dragged the market with it. Terra (LUNA) and TerraUSD (UST) have fallen to around 100%, which pushed investors and even government officials to question this fall.
The UK regulators have been studying the Luna crash along with the whole bearish fall to come up with new rules. Meanwhile, the South Korean government asked Do Kown, the founder of Terra (LUNA), to explain.
Do Kown shared on his Twitter (NYSE:TWTR) page that a new version of Terra ( …
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