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The bitcoin price has this morning dropped to under $33,000, down more than 20% over the last 30 days. Terra’s luna is struggling despite moves from the Luna LUNA Guard Foundation and Terra Labs to shore up the coin, itself designed to support the algorithmic stablecoin TerraUSD UST (UST). Both UST and luna have surged into the CoinMarketCap crypto top ten over recent months and UST is one of the largest algorithmic stablecoins. Now read this: Web3 for beginners—a new realm with endless possibilities? Breaking: Coinbase? Coinbase, arguably the most important crypto exchange and platform, will report its first-quarter earnings tomorrow and expectations are low (despite bullish predictions from Coinbase’s chief executive Brian Armstrong). Coinbase stock has crashed along with the bitcoin and crypto market over the last few months and is now down 70% from its market debut.
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