Crypto Crash Latest Updates: What’s happening in cryptocurrency market? Key developments

The global cryptocurrency market seem to have landed itself in a free fall

with prices of several top tokens falling to new lows.

There has been a massive churn in the list of top cryptos by market cap in the last 48 hours.

Data on CoinMarketCap shows that Terra (LUNA), which was one of the top cryptos just a few days ago

has dropped to 59th rank, losing over 99 per cent of its value in the last 7 days

 In the last 24 hours itself, its price has come down by over 96%.

Bitcoin has lost over 28 percent of its price value in the last 7 days

At the time of press, BTC price was just $28,542.

price of TerraUSD (UST), which has dropped by 32% in the last 7 days

In the last 24 hours, UST price dropped by over 18 per cent to $0.6782.