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Warning: Popular Cryptos Might Trigger Huge Crypto Market Crash

Published 05/27/2022, 02:30 PM
Updated 05/27/2022, 02:30 PM
© Reuters.  Warning: Popular Cryptos Might Trigger Huge Crypto Market Crash

© Reuters. Warning: Popular Cryptos Might Trigger Huge Crypto Market Crash

  • Reports say another bigger crypto crash is predicted to happen soon.
  • A crypto channel said that TerraUSDT, Binance, and Celsius might trigger the crash.
  • The crypto market has not yet recovered from the recent crash.

Succeeding the recent crypto market plunge, another big crash for cryptos is reported to happen soon in the upcoming days. Despite this, one of the reasons for the last market dip was the Terra-LUNA coin’s huge fall from the cliff. But at this time, the predicted bearish cycle might see some crypto networks counted for the market down. Namely, Celsius Network, Binance, and Tether USDT are under prediction.

In detail, there were speculations that Celsius Network was overexposed to Terra LUNA and UST. However, Alex Mashinsky, founder and CEO of Celsius, opposed the rumors and took to Twitter (NYSE:TWTR): “At Celsius network, we have stated several times publicly that we had minimal exposure to $LUNA and $UST.” He also asked to trust the network’s Twitter posts, instead of rumors.

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