Bitcoin Remained at $30000, and Terra’s UST Continued to Collapse and Fell to $0.04

UST continues to draw new lows, the latest being $0.04 a few hours ago. Bitcoin is just over $30000.

After falling to $29000 yesterday, Bitcoin responded well and regained its coveted $30000 line. Most altcoins remained calm and rose slightly, while Wright currency and cro became the largest gainers in large cap stocks today.

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Bitcoin Stands Above $30000

Last week’s roller coaster caused BTC to make history. The candle closed red for seven consecutive weeks, which caused the asset to be greatly disturbed because it fell to an 18 month low of $25300 (on bitstamp).

Bitcoin rebounded at that time, jumping to and exceeding $30000, as well as at the weekend. Yesterday it lost some traction because it fell below that coveted line to a low of $29000.

However, bulls stood up at this point and did not allow any further price diving. On the contrary, they pushed BTC to the north, and the cryptocurrency recaptured $30000. It’s close to $31000, even so far.

Therefore, the market value of BTC has increased to $580 billion, while its dominant position in altcoins remains at about 44.5%.

 

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LTC and CRO Lead the Trend

In the past ten days, altcoins has experienced similar intensified price fluctuations and remained relatively calm within 24 hours.

Ethereum dropped from $3000 to $1700 in a few days before regaining $2000, and has maintained this level since then. In addition, when these lines were written, the second largest cryptocurrency was close to $2100.

After selling to $230 a few days ago, BNB is now much higher than $300. Ripo, Cardano, Polkadot, Doge, Avalanche, Tron and Chivas are also slightly green.

Litecoin and Cronos gained the most revenue from the agency of large cap stocks, similar to an increase of about 6%.Terra’s deTerraorating algorithmic stability currency, which should have been linked to the US dollar 1:1, plunged to US $0.04 earlier today and continued to collapse. The market value of cryptocurrency increased by about $40 billion in one day and exceeded $1.3 trillion.