Tag: Crypto Crash

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Michael Burry is the hedge fund manager characterized by Christian Bale in the film "The Big Short". More importantly, he recently dumped eleven equities under his company's management. This move is significant because his holdings include some top-notch tech stocks. Since the tech sector is highly correlated with the cryptocurrency market, Burry's move to dump his stock holdings could spell trouble for crypto.

The crypto winter is a drawn-out period of downward price movement that often shakes out the weaker hands and presents buying opportunities for the bold. The crypto crash of March 2020 came as a surprise to many in the industry. However, the 2022 bear market is something that analysts have seen coming for several months.

If you've been keeping up to date with the crypto markets recently, odds are you've noticed the LUNA crash and the de-pegging of the UST stablecoin. The ripple effect of the most prominent crypto crash in years can be felt throughout the DeFi space, leaving many asking, "what happened to LUNA?".

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