Coinmonks
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Coinmonks

Crypto CRASHES as Stablecoin $UST Losses The Dollar PEG!

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TerraUSD (or UST) demonstrates the significant weaknesses of the current state of the cryptocurrency market and simultaneously exposes the fallacy of the BTC “store of value” narrative.

Trading algorithms dominate prices, utilizing stablecoins backed by BTC also acquired using other stablecoins.

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