Bitcoin could target $32K, says trader as LUNA crashes below one penny
Bitcoin price action appears to be back with a bang as record-breaking long leverage builds on Bitfinex. Bitcoin (BTC) bulls demanded a rematch of $30,000 later on May 12 as the market recovered from its lowest levels since late 2020.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDXY looms large as BTC recoversData from Cointelegraph Markets Pro and TradingView showed BTC/USD trading above $29,500, holding higher after the Wall Street open.The pair was volatile but showing few signs of fresh capitulation, with a sea of long positions on major exchange Bitfinex exhibiting what....
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Just recently, the product comparison platform finder․com polled 36 fintech specialists about the cryptocurrency terra (LUNA) before terrausd (UST) lost its parity with the U.S. dollar. According to the poll, Finder’s experts predicted LUNA would be $143 before the end of the year. Currently, LUNA is worth far less than a U.S. penny and while it has gained over 23,000% in the last three days from the all-time low, LUNA would need to jump 58,331,533% to reach $143 per unit.
Finder’s Poll Recorded Before the Collapse Shows Fintech Experts Thought Terra’s LUNA....
Collecting physical Bitcoin memorabilia is quite a fun experience. Not every collector wants to get their hands on these items from a monetary perspective, as there are many bits and bobs to collect which hold no intrinsic value on their own. The Bitcoin Penny is one of those commemorative coins that are cheap, have no Bitcoin value stored on them, nor....
Terra USD (UST) and its backing coin LUNA have been in a veritable nosedive in price and market cap since major sell-offs began in the ecosystem. The third-largest stablecoin by market cap Terra USD (UST) appears to be in a catastrophic tailspin which has seen it de-peg from the dollar and drop to as low as $0.67 on May 10.As its price has fallen, so has its market capitalization along with that of Terra (LUNA) which backs the majority of the value of UST. Adding further insult to injury, the market cap of UST has vastly surpassed that of LUNA, drawing extreme scrutiny from the crypto....
Data shows someone has accidentally sold a CryptoPunks NFT, a popular digital collectibles line, for just one penny in Ethereum. CryptoPunks NFT Sells For One Penny, Oops? Back in 2017, CryptoPunks became one of the first NFTs to launch on the Ethereum blockchain. Today, the digital collectibles have become quite popular and their high market […]
Buying bitcoin and other major cryptocurrencies in 2020 has proven to be a winning strategy. But crypto investors looking to diversify their digital currency exposure should consider including stocks that offer exposure to specific companies with ties to cryptocurrencies. Penny stocks with small exposure to cryptocurrencies like Overstock.com (NASDAQ: OSTK) soared during the recent crypto boom. Investors hoping to find the next hidden gem have several penny stocks to watch. Canaan and Ebang International Holdings […]