Crypto Weekly - TerraUSD (UST)'s Depeg Leading to Crypto Capitulation?
277 Views, 09 May 2022 02:00
- Crypto complex down double digits over the past week as yields climb beyond 3% and major asset classes all trade lower with heightened correlation. NFTs also down significantly.
TerraUSD (UST CURNCY) has depegged from USD1 and is again potentially at risk for the dreaded death spiral coupled with Terra (LUNA CURNCY)
- As UST and LUNA have a combined market cap of around $40 billion, it could present systematic risk implications for crypto