Битцоин (BTC) showed signs of wanting higher levels still on March 22 as Wall Street trading saw a return above $43,000.
Terra co-founder: ‘Most of’ $3 billion still unpurchased
Подаци из Цоинтелеграпх Маркетс Про ТрадингВиев followed BTC/USD as it continued its newly confident stride to three-week highs.
The pair had already gained thanks to encouraging macro signs from China, but it was news from within that really set the pace on the day.
In a Twitter Spaces conversation with infamous Bitcoin pundit Udi Wertheimer, Do Kwon, co-founder of Blockchain protocol Terra, открила that he planned to back his new TerraUSD (UST) stablecoin with BTC in addition to Terra’s LUNA токен.
“Haven’t been following up with the exact numbers ’cause transactions we generally do this over OTC, but the current clip that we have to buy big coin is about $3 billion and will will add to that,” he told Wertheimer about Terra’s BTC acquisition plans.
“But out of that 3 billion, most of it we haven’t bought yet.”
Those comments set the market alight as word spread, as sleuths разгледао $125 million in Tether (УСДТ), seemingly tied to Terra already on the move.
A $3 billion purchase would equate to around 69,850 BTC at current prices. That would make Terra a larger Bitcoin holder than every corporate investor except MicroStrategy, with its 125,051 BTC stash, data from monitoring resource Bitcoin Treasuries открива.
“I said more than I shoulda,” Kwon уступљен at the weekend after the conversation.
Reacting, meanwhile, Luke Martin, host of the WAGMI podcast, argued that the Terra’s was a “narrative worth paying attention to.”
A $ БТЦ narrative worth paying attention to:
>3 days ago @стаблеквон shares plans to buy $3B in $ БТЦ as a reserve asset in Udi’s twitter space
>tweets “I said more than I shoulda”
>traders notice the first $125million has been moved- Луке Мартин (@ВентуреЦоинист) Март КСНУМКС, КСНУМКС
Sky-high BTC price forecasts evade social media
The mood among Bitcoin traders was thus buoyant March 22, with all-out bullishness still hard to come by following months of relentless sideways price action.
“If Bitcoin can sustain those levels, it seems to me that we’re getting a period of some relief rallies across markets. Would be good,” Cointelegraph contributor Michaël van de Poppe закључио.
Fellow trader Anbessa, meanwhile, delivered the immediate outlook for BTC/USD based on a bullish or bearish next reaction.
#Битцоин Ажурирање плана игре ✔
Следећа зелена пројекција:
Поштовање подршке узлазној линији тренда ☑
Поштујући потенцијалну подршку заставе медведа ☑Црвена пројекција само ако се пробије испод заставе.
Овај графикон вам олакшава да останете стрпљиви. пиц.твиттер.цом/ЗзлрицУз0у- АН₿ЕССА (@ Анбесса100) Март КСНУМКС, КСНУМКС
Earlier, Cointelegraph reported on the push to over $43,300, ликвидација a significant raft of short positions.
Source: https://cointelegraph.com/news/bitcoin-hovers-at-43k-on-wall-street-open-amid-growing-fever-over-terra-s-3b-btc-buy-in