{"id":14084,"date":"2022-11-10T07:18:45","date_gmt":"2022-11-10T07:18:45","guid":{"rendered":"https:\/\/hourglobal.com\/?p=14084"},"modified":"2023-02-07T06:25:24","modified_gmt":"2023-02-07T06:25:24","slug":"the-crypto-crash","status":"publish","type":"post","link":"https:\/\/hourglobal.com\/the-crypto-crash\/","title":{"rendered":"The Crypto Crash"},"content":{"rendered":"\n<p>This article will follow the sudden collapse of one of the biggest names in crypto. Consistent losses have got people worrying. Even some have started to pull out their investments.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin&nbsp;<\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"641\" src=\"https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/106911087-16263029762021-07-12t182451z_1049474836_rc26jo9ua1af_rtrmadp_0_fintech-crypto-flows-1024x641-1.jpg\" alt=\"\" class=\"wp-image-14086\" srcset=\"https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/106911087-16263029762021-07-12t182451z_1049474836_rc26jo9ua1af_rtrmadp_0_fintech-crypto-flows-1024x641-1.jpg 1024w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/106911087-16263029762021-07-12t182451z_1049474836_rc26jo9ua1af_rtrmadp_0_fintech-crypto-flows-1024x641-1-300x188.jpg 300w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/106911087-16263029762021-07-12t182451z_1049474836_rc26jo9ua1af_rtrmadp_0_fintech-crypto-flows-1024x641-1-768x481.jpg 768w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/106911087-16263029762021-07-12t182451z_1049474836_rc26jo9ua1af_rtrmadp_0_fintech-crypto-flows-1024x641-1-18x12.jpg 18w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/106911087-16263029762021-07-12t182451z_1049474836_rc26jo9ua1af_rtrmadp_0_fintech-crypto-flows-1024x641-1-77x48.jpg 77w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/106911087-16263029762021-07-12t182451z_1049474836_rc26jo9ua1af_rtrmadp_0_fintech-crypto-flows-1024x641-1-153x96.jpg 153w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong><a href=\"https:\/\/hourglobal.com\/bitcoin-supersplit\/\">Bitcoin<\/a><\/strong> makes first on our list quite surprisingly. It&#8217;s one of the most famous and trusted cryptocurrencies around the globe. In 2021, BTC reached a market cap of almost $1.27 trillion. A single BTC had a price of $69,000. Although, this is not the case now. It has lost about 57% of its price. The value now is expected to be around $20,000.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ethereum<\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img decoding=\"async\" width=\"1024\" height=\"655\" src=\"https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/OYDHPYZAUZL6ZL4SDUAX6PV53M-1024x655-1.jpg\" alt=\"\" class=\"wp-image-14085\" srcset=\"https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/OYDHPYZAUZL6ZL4SDUAX6PV53M-1024x655-1.jpg 1024w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/OYDHPYZAUZL6ZL4SDUAX6PV53M-1024x655-1-300x192.jpg 300w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/OYDHPYZAUZL6ZL4SDUAX6PV53M-1024x655-1-768x491.jpg 768w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/OYDHPYZAUZL6ZL4SDUAX6PV53M-1024x655-1-18x12.jpg 18w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/OYDHPYZAUZL6ZL4SDUAX6PV53M-1024x655-1-75x48.jpg 75w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/OYDHPYZAUZL6ZL4SDUAX6PV53M-1024x655-1-150x96.jpg 150w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Ethereum is the second most wanted cryptocurrency in the world. But as it seems, the ETH has taken a heavy blow as well. It was only behind Bitcoin last year when it had a market cap of almost $134 billion. It has now lost more than 70% of its value. The price of a single ETH used to glide around $4800 last year. It has faced the same blow as Bitcoin faced.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Solana&nbsp;<\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/6c2fe66601d90546f13fa4bed5e5f6cf.png\" alt=\"\" class=\"wp-image-14088\" width=\"994\" height=\"547\" srcset=\"https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/6c2fe66601d90546f13fa4bed5e5f6cf.png 640w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/6c2fe66601d90546f13fa4bed5e5f6cf-300x165.png 300w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/6c2fe66601d90546f13fa4bed5e5f6cf-18x10.png 18w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/6c2fe66601d90546f13fa4bed5e5f6cf-87x48.png 87w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/6c2fe66601d90546f13fa4bed5e5f6cf-175x96.png 175w\" sizes=\"(max-width: 994px) 100vw, 994px\" \/><\/figure>\n\n\n\n<p>Another cryptocurrency getting caught up in the heat is Solana. It lost nearly 78% of its price this year. Just like the others, it was estimated at an all-time best of $258-$260 last year. It further recorded a market capitalization rate of 12.4 billion. It has significantly lost a major part of its value this year.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-terra-luna\">Terra &#8211; LUNA<\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/BNB-EverGrow-Coin-Terra-Luna.jpg\" alt=\"\" class=\"wp-image-14087\" width=\"1023\" height=\"568\" srcset=\"https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/BNB-EverGrow-Coin-Terra-Luna.jpg 900w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/BNB-EverGrow-Coin-Terra-Luna-300x167.jpg 300w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/BNB-EverGrow-Coin-Terra-Luna-768x427.jpg 768w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/BNB-EverGrow-Coin-Terra-Luna-18x10.jpg 18w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/BNB-EverGrow-Coin-Terra-Luna-86x48.jpg 86w, https:\/\/hourglobal.com\/wp-content\/uploads\/2022\/11\/BNB-EverGrow-Coin-Terra-Luna-173x96.jpg 173w\" sizes=\"(max-width: 1023px) 100vw, 1023px\" \/><\/figure>\n\n\n\n<p>Unlike the others, this <strong><a href=\"https:\/\/hourglobal.com\/how-to-buy-and-invest-in-cryptocurrencies\/\">cryptocurrency recorded<\/a><\/strong> its all-time best this year. It was valued at $116 in the latter half of April. It had a market cap of almost $40 billion. In the case of a month, the price staggeringly went down to $0.041. How shocking is that! As of today, the LUNA is valued at $0.00005682.<\/p>\n\n\n\n<p>One of the co-founders of Terra reported that he lost almost every single penny of his wealth trying to recover from the sudden collapse. Another one of Terra\u2019s coins went way down the market. The TerraUSD also faced major consequences this year. It&#8217;s now recorded at a price of $0.69. The TerraUSD was also not fully formed yet and collapsed before living the good days.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This article will follow the sudden collapse of one of the biggest names in crypto. Consistent losses have got people worrying. Even some have started to pull out their investments.\u00a0 Bitcoin&nbsp; Bitcoin makes first on our list quite surprisingly. It&#8217;s one of the most famous and trusted cryptocurrencies around the globe. In 2021, BTC reached [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":14089,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[18],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Crypto Crash - Hour Global<\/title>\n<meta name=\"description\" content=\"This article will follow the sudden collapse of one of the biggest names in crypto. 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