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Top Crypto News: Terra’s price drops over 42% on May 10, 2022!

CRYPTO PRICES TODAY 

Price Trend  Price for April 25, 2022  Percentage change 
The global cryptocurrency market cap  $1,433,214,922,632
The total crypto market volume $191,976,048,738
Bitcoin Price $31,348,31 -6.75%
Ethereum Price  $2,363.59 -3.91%

*All prices are latest by 11:00, 10  May 2022.

Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.

What’s happening to Terra (LUNA)?

Terra is a blockchain network with its own dollar-based stablecoin that we know as UST. Unlike USDC and Tether which are backed by cash and assets in the bank, the UST stablecoin is designed to hold 1:1 parity with the U.S. dollar using its algorithmic relationship with Terra’s native asset, LUNA. 

The third-largest stablecoin by market cap Terra USD (UST) is in a catastrophic tailspin which has seen it de-peg from the dollar and drops to as low as $0.67 on May 10. 

According to Decrypt reports, of May 3, LFG had stockpiled nearly $4 billion worth of Bitcoin, Avalanche, UST, and LUNA for its reserves that it could fall back on in case something like the current scenario happened. 

Kwon tweeted today, a little before UST shed 6% off its price in a single hour: “Deploying more capital—steady lads.”

Will BTC Price Hit INR 20,00,000 This Week of May?

After gaining a whooping INR 51 Lakh in value, no doubt the asset attempted to regain its levels above INR 35 Lakhs but eventually ended up slashing hard below INR 25 lakhs. Currently, no possibility of a trend reversal can be expected as the market trends are extremely bearish. 

Bitcoin Price Prediction: BTC Price Trend Comparison with ETH (Last 30 Days)

Source: Tradingview

TOP CRYPTO GAINERS AND LOSERS TODAY

TOP 3 CRYPTO GAINERS

Crypto Price* Percentage Change
JasmyCoin(JASMY) INR 1.29 +7.91%
USD Coin(USDC) INR 81.99 +0.64%
Binance USD(BUSD) INR 81.99 +0.63%

*All prices are latest by 11:00, 10  May 2022.

TOP 3 CRYPTO LOSERS

Crypto Price* Percentage Change
Anchor Protocol(ANC) INR 68.94 -45.40%
Terra (LUNA) INR 2,465.91 -51.61%
STEPN(GMT) INR 155.59 -27.31%

*All prices are latest by 11:00, 10  May 2022.

Crypto Market Buzz

Bitcoin Is Tanking—Here’s What Institutions and Whales Are Doing

As the price of Bitcoin heads down to $30,000, big players are finding opportunities, according to data from Coinshares and Glassnode. It’s worth noting, that investors were using price turbulence last week to move more assets into Bitcoin, Ethereum, and exchange-traded products that are based on other cryptocurrencies.

Source: Decrypt

NFT News Global

Madonna Launches First NFTs With Beeple

Pop culture icon Madonna and the digital artist Beeple announced a three-video NFT collaboration today featuring a CGI Madonna giving birth. The NFT is called the “Mother of Creation”

Madonna—whose current Twitter profile picture is her Bored Ape Yacht Club NFT—shared in a video with Beeple that the pair began collaborating on her first-ever NFTs a year ago.

Source: Decrypt

NEW COIN LISTING ON COINDCX 

New Coin Market Capitalization Circulating Supply
Storj (STORJ) $327,741,900 389,834,787.61 STORJ
STEPN (GMT) $1,618,750,340 600,000,000.00 GMT
Audius (AUDIO) $603,107,008 713,381,683.00 AUDIO
JasmyCoin (JASMY) $90,530,704 4.75B JASMY

*All prices are latest by 11:00, 10  May 2022.

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