We’ve got answers.”Terra, the crypto company that sponsored the tweet, could have started by answering some questions about itself. A sell-off over just the past seven days has erased more than a quarter of the value from the global crypto market, according to CoinMarketCap. But the downturn in the crypto market is particularly stinging for the upstart industry. Professional crypto investors note that the industry has weathered crashes before and that the ongoing sell-off was inevitable. “Prices had to come back down to earth, and it happened,” said Abraham Chaibi, co-founder of crypto trading firm Dexterity Capital.

Source: Washington Post May 12, 2022 22:06 UTC