The cryptocurrency market isn't pretty right now. Billions of dollars in crypto wealth has been vaporized, sending shockwaves throughout the whole market. 

 Luna coin's price fell from $116 in April to just a penny on Thursday. Its marketcap now stands at $641 million, down from a peak of over $40 billion. 

The value of luna tokens has almost completely disappeared: After reaching a high of just under $120 in April, luna's current price is 19 cents. At the moment, a number of stablecoins -- specifically terraUSD and tether -- are making headlines for their respective failures to deliver stability. Terra has now lost nearly 100% of its value and tether, the largest and most popular stablecoin, is showing signs of fragility. 

"In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending.” – Warren Buffett, legendary investor