Bitcoin on Tuesday lost a noticeable part of the growth in the afternoon.
Another stablecoin has lost its peg to the US dollar. Dogecoin founder Billy Marcus called 95% of crypto assets "garbage".
Meanwhile, Peter Schiff predicts the collapse of BTC to $8000, based on technical factors.
Bitcoin gained 0.7% on Tuesday, ending the day at about $30,100. BTC tried to grow in the first half of the day, but lost a noticeable part of the gains in the American session, despite the active growth of the Nasdaq.
The total capitalization of the crypto market, according to CoinGecko, increased by 1.1% per day, to $ 1.36 trillion.
The cryptocurrency index of fear and greed by Wednesday rose by 4 points to 12, but remains in a state of "extreme fear". The index began to grow from the lowest levels since August 2019.
According to CoinShares, institutional investors invested $274 million in crypto funds last week, which is a record since the beginning of the year.
The head of Euro Pacific Capital and a well-known critic of cryptocurrencies, Peter Schiff, predicted the collapse of bitcoin to $8000, drawing attention to the figures of technical analysis "double top" and "head and shoulders" on the BTC chart.
Following TerraUSD, another stablecoin - DEI - lost its peg to the US dollar. The stablecoin market needs strict regulation, according to the US Congressional Research Service (CRS).
Most of the Terra community members did not support the idea of a hard fork and airdrop of a new token.
eCurrency CEO Jonathan Dharmapalan said that the collapse of the Terra ecosystem and the TerraUSD (UST) stablecoin could push central banks to accelerate the launch of their own digital currencies.
South Korean authorities have begun emergency checks of local crypto exchanges to prevent such situations that have arisen around Terra and UST.
Due to the speculative nature of cryptocurrencies, investors need more protection, otherwise they may lose confidence in the markets, said SEC head Gary Gensler.
Dogecoin co-founder Billy Marcus called 95% of crypto assets "garbage" and suggested that 70% of investors do not even understand the fundamentals of the crypto market.
According to the Cambridge Index of energy consumption by bitcoin miners (CBECI), China has reached the second place in the world in terms of BTC mining, despite the prohibition of cryptocurrencies in the country.