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Bitcoin’s Correlation to Meme Stocks Reaches Highest Level Since 2020
CoinDesk Markets Analyst Damanick Dantes discusses bitcoin’s strong correlation with meme stocks at its highest level since 2020, and what it reveals about the crypto markets. Plus, his bitcoin price outlook as the Luna Foundation Guard purchased over $270 million in BTC this week for its UST stablecoin reserves.
Bitcoin Holds Steady as Luna Foundation Guard Purchases Over $270M BTC This Week
Bitcoin’s price has stabilized as Luna Foundation Guard (LFG) resumed its BTC buying spree. This week, the nonprofit organization focused on UST acquired nearly 5,800 BTC worth over $270 million. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Nanatili ang Bitcoin habang Nagpapatuloy sa Pagbili ang LUNA Foundation Guard
Ang organisasyon, na nag-splurged sa Cryptocurrency noong nakaraang linggo, ay nagpatuloy sa pagbili ng BTC noong Miyerkules pagkatapos ng isang araw na pahinga, ayon sa ONE tagamasid.
