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Terra ‘rescue plan’ still at large as LUNA falls below $5, Bitcoin spikes to ‘$138K’ in UST -Breaking

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Terra ‘rescue plan’ nonetheless at massive as LUNA falls beneath $5, Bitcoin spikes to ‘$138K’ in UST

Panic appeared to set in on crypto markets in a single day on Might 11 as Blockchain protocol did not regular its bleeding crypto property.

Information from Cointelegraph Markets Professional and TradingView confirmed each the agency’s in-house token, Terra (LUNA) and stablecoin, TerraUSD (UST) seeing contemporary heavy losses on the day.

1-hour candle chart (Bitstamp). Supply: TradingView
1-day candle chart (Binance). Supply: TradingView
1-hour candle chart (Bitstamp). Supply: TradingView