Market Watch: Terra USTC Skycokets 62%, EthereumPOW Up 17%

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The infamous UST(C) stablecoin from the Terra ecosystem has skyrocketed by over 60% in the past 24 hours.

This became bitcoin’s highest price tag since August last year. However, the bulls came out to play at this point and have since pushed the asset south hard. As a result, bitcoin slipped below $23,500, where it’s currently situated as well.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Nevertheless, its market cap has remained above $450 billion, but its dominance over the alts is down to 42%.

Ethereum POW is another notable gainer on a daily scale, having surged by 17% to $4.6. At the same time, Ethereum is down by 1.5% to $1.650. Binance Coin, Ripple, Cardano, Dogecoin, Polygon, OKB, Solana, and Litecoin are also in the red from the larger caps. Polkadot and Shiba Inu are among the few exceptions, as well as Ethereum Classic. All of these have increased by up to 5%.

The cumulative market cap of all crypto assets has lost some ground since yesterday and is now down to $1.075 trillion.

 

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