‘I lost my life savings’: Terra Luna cryptocurrency collapses 98% overnight

The price of the Terra (LUNA) cryptocurrency has fallen by more than 99 per cent, wiping out the fortunes of crypto investors.

Terra, which ranked among the top 10 most valuable cryptocurrencies, dropped below $1 on Wednesday, having peaked close to $120 last month. Other coins also appear to be in trouble amid a market-wide downturn.

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