The Instability of the Crypto Market.

First of all I want to give a big greeting to all the friends of hive and especially to the members of this prestigious community such as Leo-Finance. I want to share with all of you this publication related to the events of the current situation in the cryptographic world due to what has happened with the value of cryptocurrencies.

The crypto market is experiencing this week a turmoil that has not happened for a long time, many of the cryptocurrencies are presenting falls in price by more than 99% as happened to the cryptocurrency LUNA, this debacle also dragged the bitcoin and other major cryptocurrencies in the world of cryptography.

It is noteworthy that when this happens the markets begin in a dizzying fall where the holders of the assets usually fall into much nervousness and happens what many do not want, the market begins with many uncertainties and desperation to preserve their capital and accelerated sales are the first option before losing their entire investment.

The main cryptocurrency of the crypto world, Bitcoin, fell below 26 K, something that did not happen and where that price was about 16 months ago, leaving 26% of its value, while other currencies such as Ether plummeted by 32% of its value, something that is very significant for a short time.

It is important to note that other cryptocurrencies that are among the first trading also succumbed as Solana, Cardano and Dogecoin, losing more than 50% of its value, this undoubtedly represents many instabilities to the market.

To conclude I think that this was undoubtedly an attack with a lot of coordination. However, it has not been possible to verify anything, of course, this could take some time to be clarified, since a thorough exploration of the commercial activity in the exchanges would have to be done, but undoubtedly what happened felt like a manipulation in order to destabilize the market and this was achieved.