'Kwontitative easing' — BTC price hits $43K in UST as Terra empties $2.2B Bit...
A frantic effort to rescue UST continues as Bitcoin weathers the storm to receive a $35,000 target next. Bitcoin (BTC) fell below $30,000 for the first time in ten months on May 10 as turmoil at Blockchain protocol Terra continued.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin price bounces at $29,700Data from Cointelegraph Markets Pro and TradingView showed BTC/USD plumbing lows of $29,731 on Bitstamp.The first trip under the $30,000 mark since July 2021, overnight BTC price performance came amid both declining stock markets and fresh trouble for Terra's U.S. dollar....
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Long positions suffer across Bitcoin and altcoins as BTC gets sent back to exchanges for potential sale. Bitcoin (BTC) upended buy trends through May 10 as BTC/USD sank below $30,000 for the first time since July 2021.Data from on-chain analytics firm CryptoQuant showed exchange reserves start increasing as panic gripped crypto markets.BTC flows back to exchangesAfter seeing a sustained downtrend, the amount of BTC on major exchanges has begun to increase again.According to CryptoQuant, which tracks the balance of 21 major exchanges, sellers sent a total of 37,537 BTC to accounts from May....
Quantitative Easing and Bitcoin. The European Central Bank has recently announced a 1.1 trillion Euro sovereign bond purchasing program. This action in broadly referred to as Quantitative Easing. It is a monetary policy brought into existence by the Bank of Japan on March 19th, 2001. The first concept to understand in relation to Quantitative Easing is that no expert or policy-maker truly knows how this monetary experiment ends because it is a historically unprecedented action. A 15 year existence is a negligible amount of time in the history of human commerce. With that in mind, while....
LUNA price chart technicals are hinting at a possible 50% price drop in the coming weeks, however. Terra (LUNA) rose to its best level to date on March 29 as the Luna Foundation Guard's (LFG) plans to increase its Bitcoin (BTC) reserves eased anxiety about the impact of an increasingly hawkish Federal Reserve and the ongoing Ukraine-Russia war on crypto markets.LUNA price hits new record high above $106LUNA's price breached above the previous record high of $106.29 by minuscule margins, reversing the losses incurred during the selloff between December 2021 and January 2022. The latest....
Terra Classic is in the midst of a major price pump with investors bullish on the prospect of the coin reaching levels the old Terra reached before its dramatic collapse at the start of the year. Terra Classic (LUNC) was up at a peak price of 19% in the last 24hrs, with volume reaching almost […]
At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to further disable delegations. ** This post was updated at 3:00 p.m. (ET) to reflect the fact that the Terra blockchain has resumed block production. Terra Blockchain Halts in Order to Prevent Governance Attacks, Team Says Restart Coming Soon At the time of writing, the Terra blockchain has stopped block production since the mid-afternoon Eastern Standard. The team’s....