Why is crypto crashing? A Q&A on bitcoin, luna and other falling cryptocurrencies

(Jim Cooke / Los Angeles Times)

The cryptocurrency market is seeing one of its worst selloffs since a market rally in 2020, sparking panic among investors and raising questions about why crypto prices have been increasingly sensitive to gyrations in the stock market.

In particular, stablecoins are in the spotlight. That type of cryptocurrency is supposed to, as its name suggests, have a stable value because the tokens are pegged to the value of a currency such as the U.S. dollar or a commodity…

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