Cryptocurrency markets are reeling after a widely used currency lost 99 percent of its value, leading to a significant decline in the value of a "stable" cryptocurrency.
Terra Luna's digital currency fell from $118 last month to $0.09 on Thursday. This decline indirectly affected a digital dollar-linked currency, TerraUSD, which is usually stable.
This has led to concern among investors who have been quick to get rid of their cryptocurrencies, which in turn has led to a decline in the market.
Companies behind stable cryptocurrencies are trying to ensure that the value between those currencies continues to be equal and stable assets such as the UNITED States dollar - meaning that each single digital currency is equivalent to one dollar, for example.
But on Thursday, Terra USD fell to $0.40, according to the coin market cap.
Tether, the most common stable cryptocurrency linked to the US dollar, also fell to an all-time low of $0.95.
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The phrase "digital currency collapse" topped the list of the most widely circulated words via Twitter and Google.