A detailed timeline of Terra's journey from its underdog start as a payments app in South Korea to a $60 billion crypto ecosystem to one of the biggest failures in crypto.
BTC is declining less than altcoins, indicating a lower appetite for risk among traders.
Traders continue to hedge against further price declines.
BTC is stabilizing around $30K while stock market volatility begins to fade.
Bitcoin's average trading volume rose toward its highest level since January, which could point to a brief period of price stabilization.
Some analysts remain cautious and expect lower price returns for bitcoin over the next few months.
Analysts expect greater price swings because of macroeconomic risks and ongoing stablecoin woes.
The stunning crash of UST stablecoin and LUNA, its sister token, has many questioning if an algorithmic stablecoin can be trusted.
Bitcoin declined by as much as 6% over the past 24 hours, as LUNA dropped 96% and SOL fell 30%.
BTC rose by 4% over the past 24 hours, compared with a 19% rally in MATIC.