Solana, Terra join Bitcoin in free fall as markets continue tumbling

Solana, Terra join Bitcoin in free fall as markets continue tumbling

Solana joined Bitcoin’s free fall along with other cryptocurrencies on Tuesday, after being among the few cryptos standing in the green during a red day in the crypto market on Monday. 

Fast facts

See related article: What Solana prices will be at the end of 2021 and beyond

  • Global markets, including cryptocurrencies, have been shrouded in uncertainty recently, as Russia-Ukraine tensions continue to make headlines. 
  • Bitcoin fell 6% over the past 24 hours to trade at US$36,717, adding to the 2% fall from the day before. 
  • Terra was the latest of the top 10 cryptocurrencies to join the red zone on Tuesday, down 3.2% and trading at US$49.09, as of press time. 

See related article: Is Terra — whose LUNA coin is now at another all-time high — really where the smart money is?