After the price of Bitcoin (BTC) fell sharply from the levels where it was traded on Saturday and Sunday, all eyes turned to the reason.
Bitcoin price traded over the weekend $41,800 As the day closed, it dropped sharply to $40,700. While Bitcoin lost nearly 3% in value during this period, similar decreases occurred all over the world. in the cryptocurrency market happened.
While Ethereum lost more than 3% in value during this period From $2,481 to $2,405 fell to .
After this sharp decline eyes to the cause translated.
The reason for the decrease was last year Terraform Labs, which caused a big wound in the cryptocurrency market Officially filing for bankruptcy in the US state of Delaware.
Terra (LUNA) And Terra USD (UST) The total value of the company’s assets and liabilities of the company behind cryptocurrencies such as one hundred with 500 million dollars It is located between.
According to CoinGecko data Bitcoin (BTC), while writing from $41,090 is being traded.