ARK: Now Decoupled From Terra, “Bitcoin’s Selling Pressure Should Subside”

ARK: Now Decoupled From Terra, “Bitcoin’s Selling Pressure Should Subside”

The Terra / Luna / UST collapse keeps on generating headlines. This time, we’ll use the data in ARK’s “The Bitcoin Monthly” report to establish its impact on the bitcoin ecosystem. Remember that the non-profit organization LFG, AKA the Luna Foundation Guard, accumulated BTC to defend UST’s peg to the dollar. In a then-delated May interview, Terra’s Do Kwon said that they were trying to get to $1B in BTC so that “besides Satoshi, we will be the largest single holder of Bitcoin in the world.” Related Reading | Terra Beats Tesla As Second-Largest Corporate Bitcoin Holder After $1.5B....


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Technical Analysis: LUNA Leads Crypto Rally, ANC Slips Under Bearish Pressure

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