Month: May 2022

The recovery plan for LUNA, which is tagged LUNA 2.0, doesn’t seem to be very promising on its first day of launch. When Do Kwon announced the recovery plan for LUNA,  which kickstarted on May 27, 2022, it was met with mixed reactions from various sectors of the cryptocurrency industry. The recovery plan started with
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Bitcoin (BTC) price action has been surprisingly bullish since May 27. Weekends, especially holiday weekends, are notoriously volatile and indecisive, with major whipsaws in price movements being the norm. Even in bull markets, bearish price action is often the norm, but BTC bucked that trend.  BTC/USD daily chart (Coinbase) Source: TradingView Bitcoin rallied nearly 11%
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If the past trends of Bitcoin are to be considered, then Bitcoin easily trending upwards and is due for the $32.8k mark in the market. The crypto market is undoubtedly suffering from the bear market, as many altcoins have been affected, including the unprecedented tanking of the UST stable coin associated with Terra (LUNA). Cointelegraph
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In this article USDT.CM= UST.CM= The world’s biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style “bank run.” Justin Tallis | AFP via Getty Images Britain wants to make sure stablecoins don’t end up threatening the wider financial system following the collapse of controversial crypto project Terra.
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Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices either consolidate as inflows to the sector taper off or a bottoming process begins.  According to a recent report from Glassnode, Bitcoin hodlers are now “the only ones left” and they appear to be “doubling down
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Bitcoin (BTC) stayed higher on May 30 as early week gains saw BTC/USD retain $30,500. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView $32,000, $35,000 flagged as lines in the sand Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency consolidating near that $30,600 at the time of writing after hitting highs of $30,900 on
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