Bitcoin 'good to go up' after BTC price hits lowest since Terra crash
A wick to $28,000 sparks hopes of multi-week highs but caution remains over thin order book liquidity. Bitcoin (BTC) recovered from a major dip at the May 26 Wall Street open as the market quickly exhausted buy support. BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBitcoin volume surges with more expectedData from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to $28,000 on Bitstamp — its lowest since May 12 and the Terra LUNA implosion. Progress had already accelerated to the downside on the day, this culminating in a liquidity grab that sent 24-hour BTC....
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The Terra LUNA crash last month sent many investors back in their returns. The crypto market generally crashed the previous month, but the 80% deep dive in Terra wasn’t funny. The panic by the investors to pull out of the crypto crash intensified the fall of many coins. Generally, the crypto market suffered a loss estimated at $400 billion in a few days. Surprisingly, a new report has emerged showing that while the Whales were dumping their holdings, the retailers were busy buying up Terra. According to the Terra investor who made the report, many smaller wallets were stocking up the....
Bitcoin is slowly stabilizing after the dramatic flash crash that briefly sent its price plunging to $101,000 last weekend. The event caused widespread liquidations across the derivatives market and rattled trader confidence, leaving market sentiment deeply shaken. On-chain data from CryptoQuant shows that Bitcoin’s open interest variation fell to negative 25 in the aftermath of […]
The value of Terra Classic (LUNC) had plunged to below zero following the largest crash ever seen in the crypto space. The cryptocurrency had refused to ‘die’ and has instead found favor among crypto investors who are trying to make a quick buck from the highly volatile cryptocurrency. However, even with multiple pumps, investing in LUNC may not be as good an investment as some users expect due to a number of factors. Uncertainty In Terra Camp After the crash of the Terra network that caused users to lose billions of dollars, Terra founder Do Kwon and others had gone on to make another....
Inventor of Cardano and Input-Output Global (IOG) CEO, Charles Hoskinson, gave his opinion on the recent events related to the crash in the Terra Classic network, formally known as Terra. A collapse in the price of its native token LUNA caused the algorithmic stablecoin UST to deppeged from the U.S. dollar. Related Reading | Cardano Activity […]
The ongoing inquiry into Terra’s crash has reportedly taken a new turn as authorities have connected a new crypto entity called “Flexe” to Terra and Do Kwon, according local Korean news outlet KBS news. Terra’s Secret Subsidiary Belongs To Do Kwon The Terra debacle doesn’t appear to be over. 1Prosecutors in South Korea allegedly discovered […]