Losses surpassed $1.2 billion in the previous 24 hr, the greatest up until now this year. They came as significant cryptocurrencies saw high drops: Bitcoin fell 11%, BNB Chain’s BNB lost 26%, and Solana’s SOL lost 37%. Terra’s LUNA fell out of the leading 10 cryptos by market capitalization to the 81st rank– it fell 96% in the previous 24 hr to under 40 cents.