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Panic appeared to set in on crypto markets overnight on May 11th as Blockchain protocol Terra failed to steady its bleeding crypto assets, with LUNA crashing another 90%+ for the day, now trading below $2.
As a result of the massive Terra/LUNA sell-off, Bitcoin price skyrocketed to a dubious new all time high of $140,000 in $UST as a result, while the king cryptocurrency is currently holding on to $30,000 support.
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis:
✔ Michael Saylor Update On Market Slump:
✔ Terra UST Depegging:
✔ Crypto Carnage Far From Over:
? DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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