With only a 0.5% increase over the last 24 hours, the price of Terra Luna has scarcely changed today, hitting $1.33. This represents a loss of 3% in a week and 20% in a month
According to TradingView, a community of traders and investors, the market capitalization of all cryptocurrencies has dropped by over 70% so far this year (YTD).
The American dollar has risen beyond the 111 mark versus a basket of currencies, rendering cryptocurrencies sensitive to the dollar. Currently, cryptocurrency trading volumes have drastically decreased.
Price of Terra Luna: Following the plan to tax the Terra Classic (Lunc) network by 1.2%, investors in the Terra community have made significant purchases of Luna.