emily: elaina -- elena gomez, great to have you. wrapping the week in crypto.ure of stable coins after the terra debacle, and how long this crypto winter lasts. this is bloomberg. >> not all stable coins are equal. similar to many things in life, you can have different quality versions of the same product. ust was a highly leveraged experiment that failed. you have other stable coins that still have investor confidence. it really depends on how you maintain that. emily: time further crypto report and wrapping the week in crypto markets that was. bitcoin plunged as low as $26,000. $200 billion in market value erased from the crypto market. that is almost as much as the annual budget for the entire state of new york, $220 billion. our crypto contributor puts it in perspective. >> it is amazing. you see that much wiped out of the entire crypto universe. all talking on the heels of what happened in u.s.t and the terra ecosystem. the biggest cryptocurrencies fell below the $30,000 level. they have gotten a bit today. 6% of a rise in that 24 hours. helping bring the