Bitcoin price target now $29K, trader warns after Terra weathers $285M 'FUD' attack

United States News News

Bitcoin price target now $29K, trader warns after Terra weathers $285M 'FUD' attack
United States Latest News,United States Headlines
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Bitcoin heads past ten-week lows as Terra 'FUD' sees nearly $300 million of UST sales.

to back its U.S. dollar stablecoin, TerraUSD , saw its first major test as a market participant mass sold UST worth almost $300 million."Today's attack on Terra-Luna-UST was deliberate and coordinated," Caetano Manfrini, legal officer at Brazilian crypto business forum GEMMA,"Massive 285m UST dump on Curve and Binance by a single player followed by massive shorts on Luna and hundreds of twitter posts. Pure staging. The project is bothering someone.

Do Kwon, the Terra co-founder now well known for both his Bitcoin buys and social media engagement, remained conspicuously cool.I'm afraid you will be waiting until the age of men expiresThe map of continents have been drawn anew

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Solana Comes to Largest Terra DeFi Protocol, Anchor: Here's HowSolana Comes to Largest Terra DeFi Protocol, Anchor: Here's HowTerra's anchor_protocol $ANC will start accepting Solana-based asset as collateral Terra Solana
Read more »

Weekend Watch: LUNA Dumps 8%, Bitcoin Struggling at $36KWeekend Watch: LUNA Dumps 8%, Bitcoin Struggling at $36KTerra has lost the most from the larger-cap altcoins with another substantial price decline. Bitcoin struggles around $36,000.
Read more »

Severe thunderstorm watch for parts of NE Florida, SE Georgia through 10 p.m.Severe thunderstorm watch for parts of NE Florida, SE Georgia through 10 p.m.TORNADO WARNING | National Weather Service issues tornado warning for Baker, Columbia counties through 8:30 p.m.
Read more »

Robinhood Lists Grayscale Bitcoin and Ethereum TrustsRobinhood Lists Grayscale Bitcoin and Ethereum TrustsGrayscale Bitcoin Trust (GBTC) is still one of the most popular publicly traded Bitcoin funds
Read more »

Bitcoin clings to $36K as data suggests BTC price sell-off came from short-term holdersBitcoin clings to $36K as data suggests BTC price sell-off came from short-term holdersDid Bitcoin buyers from February capitulate this week? Data suggests BTC price action caused a short-term holder shakeout.
Read more »

Bitcoin Collapses to 10-Week Lows, Binance Backs Musk's Twitter Deal With $500M: This Week's Crypto RecapBitcoin Collapses to 10-Week Lows, Binance Backs Musk's Twitter Deal With $500M: This Week's Crypto RecapThe total market cap lost around $150 billion in the past week as Bitcoin's price crashed to levels that we last saw on the day Russia invaded Ukraine.
Read more »



Render Time: 2025-02-21 02:42:37