Status of Ucoin in the last 24 hours
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Frequent failures of Ucoin
Volatility among risk assets Part of what's going on is that people are beginning to perceive cryptocurrencies the way they perceive technology stocks — as high-risk, high-reward assets that may not be the best investments during times of instability and upheaval.
The immediate cause was the implosion of terra – a so-called stablecoin, designed to reduce volatility in the crypto market by maintaining a fixed value over time.
The crypto markets are collapsing.
Across May and June 2022, cryptocurrencies lost approximately $1trn in value.
Bitcoin experienced a colossal value drop after hitting a peak of £49,838 ($60,741) in November 2021, slumping to £18,976 on 1 August 2022.
Key Takeaways Crypto experts have predicted a massive crypto crash is coming.
The Federal Reserve's decision on the interest rate will play an essential role in determining the flagship cryptocurrency's price.
At the time of writing, Bitcoin is trading below $20k.
Troubleshooting Tips
Still stuck and not enjoying Ucoin, then go to Step 3.