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Aug. 24, 2022

The crypto contagion

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Cryptocurrency had a market cap of $10 million in early 2011; it rocketed to nearly $3 trillion in February 2022 and is now down to about $1.1 trillion today. Some of this years' more notable gyrations in crypto's fall from grace include the following:

  • In May there was a decline of billions of dollars in value related to TerraUSD, a purported stablecoin, and the cryptocurrency it was linked to, Luna, causing TerraUSD to become de-linked from its peg ...
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