Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims

Uncovering Terra's Implosion — Terraform Labs' Big Name Backers and 'Zero Exposure' ClaimsDigital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to $0.0156 per unit. Terra’s founder Do Kwon revealed a plan on Wednesday, but after […]

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Is Bitcoin Price in Recovery? BTC Trading at $28,645 After Bottoming Out

There’s no doubt that the current market situation is terrifying. Altcoins saw significant sell-offs this week, and Bitcoin hit a new low last night of $26.6k. The stock market continues its bearish momentum today as investors worry about inflation. With the recent rebound from its low, is the Bitcoin price in recovery? Is it a good idea to buy the dip? Let’s go over the current market conditions this Thursday and see what the future might hold for cryptocurrency and stock markets. Bitcoin Flash Crash Yesterday, on May 11th, Bitcoin flash crashed to the mid $25k levels in a bear

The post Is Bitcoin Price in Recovery? BTC Trading at $28,645 After Bottoming Out appeared first on The Merkle News.

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Is LUNA Dead? Terra Luna Price Drops Below 4 Cents, UST still De-pegged at $0.67

After dropping nearly 99% in the past week from a high of $85 to a low of $1 yesterday, LUNA is the gift that keeps on giving, dropping well below 10 cents today, currently trading at $0.035. Those traders that attempted to buy the dip when LUNA dipped below $1 if they haven’t sold off during the rebound to $4 are now down another 99%. Let’s look at any relevant news regarding LUNA and its now de-pegged stablecoin UST and see why the price continues to drop? What Happened With LUNA and UST? As we reported on May 10th, LUNA’s

The post Is LUNA Dead? Terra Luna Price Drops Below 4 Cents, UST still De-pegged at $0.67 appeared first on The Merkle News.

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Blackrock, Citadel, Gemini Deny Involvement in Terra Collapse

Blackrock, Citadel, Gemini Deny Involvement in Terra CollapseThe world’s largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchange Gemini has denied making a bitcoin loan that resulted in the terra collapse. Blackrock, Citadel Securities, Gemini Deny Rumors Following the collapse […]

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Bitcoin, Ethereum Technical Analysis: BTC Slips to Its Lowest Point Since December 2020

Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. BTC hit a low around $26,000 on Thursday, whilst ETH moved below $2,000 for the first time in over a year. Bitcoin Following a slight rally on Wednesday, BTC fell back into […]

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