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First Mover Asia: Funds Lost Billions in the Terra Collapse. Here are the Ongoing Effects; Bitcoin Sees Red

When a fund suffers a major dent to its token, the impact reverberates widely throughout the venture funding eco-system; most major cryptos fell despite gains in U.S. equity markets.

Most major cryptos declined in the ongoing risk-averse environment (Getty)
Most major cryptos declined in the ongoing risk-averse environment (Getty)