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Market Wrap: Bitcoin Stabilizes as Altcoins Underperform; Expect More Volatility

Meanwhile, on Thursday, the price of the Terra blockchain’s token LUNA plunged below 2 cents. The sharp price move made the network vulnerable to governance attacks, which triggered a brief shutdown of the blockchain, which meant no transactions with the algorithmic stablecoin UST, LUNA or Terra’s other cryptocurrencies could be processed.