Terra Classic Plunges 13% on Do Kwon News, Bitcoin Struggles at $19K (Market Watch)

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Do Kwon's red notice reportedly issued by Interpol has driven Terra's native cryptocurrency south hard.

Do Kwon’s red notice reportedly issued by Interpol has driven Terra’s native cryptocurrency south hard.

The price of bitcoin continues to struggle at around $19,000, with another dip below that level earlier today. Most altcoins are slightly in the red on a daily scale. Terra Classic is among the most substantial losers, following the latest developments in regards to the project’s co-founder – Do Kwon.The primary cryptocurrency experienced a massive drop last week when the US Federal Reserve announced the latest hike in the key interest rates. Bitcoin, regarded as a riskier asset,It reacted well at this point and reclaimed $19,000 a day later.

 

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But he’s innocent. 😅

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