Crypto’s Tumultuous Second Quarter Leaves Investors Asking: What Else Could Go Wrong?
— Rocket ship, Cryptocurrencies, Rippled, Moon crash, Preceded, Cryptos, Wrong, Crypto ’, Bitcoin, Tumultuous — 1 min read
Two related cryptocurrencies, TerraUSD and Luna, plunged in early May. Prices for bitcoin and other cryptocurrencies tumbled. Lenders told customers they couldn’t take their money out of their accounts. The second quarter was the polar opposite of the gilded, nearly two-year rally that preceded it. The effects quickly rippled. Lenders tell customers they can't take out their money from the cryptocurrency market, and the price of bitcoin and others tumbled in the second quarter. It's not the first time in two years that the market has taken a downturn in the past two years. It's the first quarter of the year that a market correction has occurred in the last six months. The market is expected to take a downturn. Source